24th December 2019, 18:24
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| | Re: Delhi rolls out electric vehicle policy; targets 5 lakh EV registrations by 2024
Incentives for electric two wheelers:
- The Delhi EV Policy has also rolled out several provisions for electric two-wheeler buyers including a purchase incentive of ₹ 5000 per kWh of battery capacity. So, a two-wheeler with a battery capacity of 2 kWh will get a subsidy of ₹ 10,000 as compared to ₹ 5500 presently offered by DPCC as subsidy. There will also be a scrapping incentive of ₹ 5000 on offer, subject to evidence of matching contribution from the dealer or OEM.
Incentives for electric four wheelers:
- The policy will also allow ride-hailing service providers to operate electric two-wheeler taxis in a big step-up for last-mile connectivity. Delivery services that employ two-wheelers will also be expected to transition 50 per cent of their fleet to electric vehicles by March 2023, and completely to March 2025.
Incentives for electric three wheelers and carriers:
- The policy offers an incentive of ₹ 10,000 per kWh of battery capacity for the first 1000 cars with a limit of ₹ 1.5 lakh per vehicle. All the leased and hired cars for commuter of GNTCD officers will transition to electric within a year from the date of notification of the policy.
- The Delhi EV Policy also offers a purchase incentive of ₹ 30,000 on three-wheelers, up from zero at the moment.
- There will also be an interest subvention of five per cent on loans or hire purchase scheme for electric autos. That will bring the interest rate from a bank down to seven per cent from the average interest of 12 per cent, which will be the lowest for EVs in the country.
Incentives for electric buses:
- There will also be an open permit system on a first-come-first basis for electric autos, which will be subjected to the cap of the maximum number of autos permissible in Delhi by Supreme Court orders. The electric carriers will be exempt from plying and idle parking of light goods vehicles on identified roads of NCT during specified timings.
- The Delhi EV Policy will fall in line with the GNTCD to convert 50 per cent of its fleet to electric buses including smaller buses. All other vehicles will receive financial incentives for both fixed battery and swappable battery models. It will also encourage new technologies in the EV space.
- Furthermore, the government will also be building the charging infrastructure during the policy period.
- All new home and workplace parking will have to be EV ready with 20 per cent of the vehicle parking holding to be EV compliant.
- The Delhi government will provide 100 per cent subsidy on the purchase of charging equipment up to ₹ 6000 per charging point for the first 30,000 charging points. The subsidy though will be available through DISCOMS who will be in charge of the charging installations.
- There will also be public charging and battery swapping facilities within three km of travel in Delhi. Energy Operators (EO) will be invited to set-up charging and battery swapping stations across the capital with minimum lease rentals.
- The Delhi government will also provide capital subsidy for the cost of chargers installation including reimbursement of 100 per cent net State GST for EOs on the purchase of advanced batteries at swapping stations.
- In addition, the Delhi EV Policy states that there will be a dedicated EV cell within the transport department for effective implementation. The funding for all the incentives will be obtained from multiple sources including pollution/diesel cess, road tax, environment compensation charge under the Feebate concept. This will be brought under the non-lapsable State EV fund. A state EV board will also be constituted as the apex body for effective implementation of the policy. The policy also clarifies that current subsidies under DPCC shall continue