CM announces incentives of up to 1 5 lakh under new EV Policy

• Saturday | 8th August, 2020

New Delhi: Chief Minister Arvind Kejriwal on Friday launched the 'Delhi Electric Vehicle Policy' under which his government will waive registration fees and road tax and provide incentives of up to Rs 1.5 lakh for new electric vehicles in the city. "I hope that after five years, the name of Delhi will come atop due to this policy when there is a discussion on electric vehicles in the world," CM Kejriwal said. Incentives of up to Rs 30,000 for two-wheelers, autos, e-rickshaws and freight vehicles while incentives of up to Rs 1.5 lakh for cars along with low-interest loans on electric commercial vehicles will be provided under the policy. "We expect five lakh new electric vehicles in the next five years," the CM said, adding that a "scrapping incentive" for exchanging old petrol or diesel vehicles for electric ones, will also be introduced. The CM said a 'State Electric Vehicle Board' will be set up and 200 charging stations will come up in one year.