The Delhi government has announced the extension of its electric vehicle policy till December 31, as confirmed by Delhi Transport Minister Kailash Gahlot on Saturday. The existing Delhi EV Policy, including all incentives and subsidies, will remain valid until the end of this year. The decision was made by the cabinet as the Delhi EV Policy expired on August 8 earlier this year.
The Delhi government intends to incentivize the retrofitting of vehicles under the Delhi EV Policy 2.0. This initiative will promote the conversion of conventional internal combustion engine-powered vehicles into electric vehicles, which will eventually reduce environmental pollution caused by vehicular emissions. Despite the high cost of conversion, the government plans to make it affordable for vehicle owners interested in converting their fossil fuel vehicles into EVs. Delhi’s Transport Minister Kailash Gahlot has previously expressed his support for this initiative.
According to Kailash Gahlot, the Delhi Cabinet led by CM Arvind Kejriwal has approved the extension of the Delhi Electric Vehicle Policy until 31 December 2023 or until notification of Delhi Electric Vehicle Policy 2.0, whichever is earlier. The existing policy will continue to provide all incentives, including subsidies. As soon as the necessary approvals have been received, Delhi’s EV policy 2.0 will be announced.
The Delhi Electric Vehicle (EV) Policy is an extensive government initiative aimed at advancing the adoption of electric vehicles in India. Not only does it provide several subsidies and incentives to encourage EV buyers, but it also supports the development of the electric vehicle ecosystem by offering subsidies and incentives to infrastructure developers. This includes setting up EV charging stations across the city, promoting the use of renewable energy for charging and establishing a robust network of battery swapping stations. The policy also prioritizes the use of electric vehicles in government fleets and provides incentives for the manufacturing of EVs and batteries within the state. Overall, the Delhi EV Policy is a comprehensive and well-rounded approach to making electric vehicles a mainstream mode of transportation in India.
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