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NEW DELHI, 24 October 2023: The Delhi government is committed to promoting electric vehicles (EVs) and has taken a significant step to extend the existing Electric Vehicle Policy. This article provides a comprehensive overview of the extension, incentives, and the upcoming Delhi EV policy 2.0.
Extending the Electric Vehicle Policy
The Delhi Cabinet, led by Chief Minister Arvind Kejriwal, has granted approval to extend the existing Delhi Electric Vehicle Policy. This extension will be in effect until December 31, 2023, or until the notification of Delhi EV policy 2.0, whichever comes first.
Continuing Incentives and Subsidies
One of the primary highlights of this extension is the continuation of all incentives and subsidies provided under the existing policy. This move aims to further encourage the adoption of electric vehicles in the national capital.
What to Expect in Delhi EV Policy 2.0
Delhi Transport Minister Kailash Gahlot has shared insights into the forthcoming Delhi EV policy 2.0. The new policy is in its final stages and will be notified shortly after necessary approvals. It will focus on addressing the issue of high conversion costs associated with retrofitting internal combustion engine (IC) vehicles into electric ones.
Retrofitting Challenges
Many individuals are interested in converting their IC engine vehicles to electric power for environmental and economic reasons. However, the conversion process can be expensive. For instance, retrofitting a standard vehicle like the Gypsy can cost approximately INR 5-6 lakh, making it a considerable investment.
The Goal of the Electric Vehicle Policy
The initial Delhi Electric Vehicles Policy, which was introduced in August 2020, had an ambitious target: to increase the share of electric vehicles in Delhi to 25 percent by 2024. The policy aimed to reduce emissions, combat pollution, and make Delhi a greener and more sustainable city.
Conclusion
The extension of the Delhi Electric Vehicle Policy is a positive step towards achieving these environmental and sustainability goals. With incentives and subsidies set to continue, and the forthcoming Delhi EV policy 2.0 addressing retrofitting challenges, the Delhi government is determined to make electric vehicles more accessible and affordable.
In a bid to enhance the environmental and economic viability of electric vehicle adoption, the government is taking concrete steps to ensure that Delhi moves closer to becoming a cleaner and more sustainable city. Stay updated for the latest developments in Delhi’s electric vehicle journey.
