Delhi govt offers cashback, subsidy, tax cut for e-vehicles

Delhi govt offers cashback, subsidy, tax cut for e-vehicles
Delhi govt offers cashback, subsidy, tax cut for e-vehicles

The government of Delhi is taking a major step which was announced yesterday under the Delhi Electric Vehicle Policy 2018. Looking at the bizarre levels of pollution in the capital, the government plans to make 25 percent of all vehicle registrations electric by 2023.

According to the policy, the infrastructure for battery charging and stations for swapping needs to be strengthened to be able to provide access within a range of 3 kilometres within Delhi. The policy would also open more employment opportunities in driving, selling, servicing, financing, charging, and servicing of the electric vehicles.

For electric two wheelers, a subsidy of up to Rs. 22,000 will be applicable on all two wheeler purchases that would ensure less or equal cost as compared to the petrol two wheelers. For two wheelers with swappable battery, additional subsidy will be applied.

In the case of electric auto rickshaws, an open permit system would be levied and the individual owners of the auto rickshaws will receive down payment subsidy of up to Rs. 12,500 plus five per cent grant of money. Passengers would receive cashback of Rs. 10 per e-auto ride.

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For e-rickshaws, lead acid batteries will replace advanced batteries along with a payment subsidy of Rs. 20,000 and the rickshaw owners would get five per cent grant of money.

For electric cabs, there would be a complete waiver on the registration fees, road tax, and MCD one-time parking fee.

Starting with 1000 electric buses next year, 50 per cent of the new complete electric buses will be secured for the daily city commuters.

The electric goods carriers, will receive ownership subsidy of up to Rs. 20,000 for the first 5,000 carriers that have advanced, swappable batteries. They will be allowed to ply on the roads during fixed timings.

Across the city, public and private charging stations will be setup. The public battery charging and swapping stations will have private sector participation at public parking zones, bus depots, and terminals, metro stations, and other places and up to 100 per cent of capital subsidy for energy operators. A special electricity tariff will be applicable for them.

A 100 per cent subsidy will be levied for private charging stations of installation of charging points. Up to Rs. 30,000 for the first 10,000 charging points will be applicable for each point. They will be available in residential or non-residential buildings with some amendments to the building bye-laws that would also make work places and homes electric vehicle ready.

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