HomeNewsTechnologyAutoNearly Rs 100 crore incentive offered on EVs to boost sales: Delhi govt

Nearly Rs 100 crore incentive offered on EVs to boost sales: Delhi govt

Apart from providing incentives, the government has also waived road tax and registration fees for all EVs.

August 18, 2022 / 21:11 IST
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Representative image (Source: Reuters)
Representative image (Source: Reuters)

The Delhi government has offered an incentive of nearly Rs 100 crore on electric vehicles under its ambitious Electric Vehicle Policy launched in 2020, the highest by any state, it said on Thursday. According to official figures, 62,483 electric vehicles have been sold since the launch of the Delhi EV Policy on August 7, 2020.

The policy's mission is to drive rapid adoption of EVs to ensure they contribute 25 per cent of all new vehicle registrations by 2024, the Arvind Kejriwal government said in a statement, asserting that the capital is already at the halfway mark, with EV sales up to March this year recording 12.5 per cent. Apart from providing incentives, the government has also waived road tax and registration fees for all EVs.

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The Delhi EV Policy's success can be attributed to the i3 model -- incentivisation, innovation and inclusion, the government said in the statement. Charge Point Operators (CPO) deployed more than 2,000 charging points and battery swapping stations, solving the issue of range anxiety for all EV users, it said.

In February last year, Kejriwal had also launched the Switch Delhi Campaign to spread awareness about the contribution of EVs in making Delhi cleaner and minimising pollution. Prior to the implementation of the policy, the EV market in the capital was driven by e-rickshaws, which contributed nearly 85 per cent of total EV sales here.