Delhi government has taken steps to promote electric vehicles and has launched an electric vehicle policy to promote consumers to go for the electric vehicle instead of the conventional ones.
Chief Minister Arvind Kejriwal has launched this policy to ensure the capital’s transition to clean energy.
This policy will provide incentives on buying new electric vehicles, scraping cars running on petrol and diesel, and low-interest loans for battery-run commercial vehicles. The policy was laid so to make E- vehicles more attractive to consumers.
1. Incentives on electric vehicles
The capital’s government will provide a subsidy of up to Rs 30,000 on the purchase of two-wheeler, auto-rickshaws, e-rickshaws, freight vehicles each and Rs 1.5 lakh on cars.
The said in a statement that “Electric vehicles are quite costly. The vehicles which emit pollutants are cheaper than electric vehicles, and because of their non-affordability, they are not purchased and hence not promoted. The Delhi government will be giving financial incentives so that more and more people purchase electric vehicles.”
The funding for the incentives will come from a pollution and additional tax will be charged on petrol and diesel vehicle users especially luxury cars. All vehicles except electric ones will be charged congestion fees.
2. Scraping policy
Many people have vehicles that run either on petrol or diesel and pollute the environment. These old vehicles can be exchanged with the new electric ones to further reduce the cost of the purchase.
“This scrapping incentive is being given to for the first time in the entire country,” said the Chief Minister
Delhi government will provide loans at a very low-interest rate to those who want to buy a commercial electric vehicle and the registration fees and road tax fees will be waived. This low-interest loan will further influence the consumer to buy an electric vehicle.
Establishment of charging stations
One of the reasons why consumers prefer buying a petrol or diesel vehicle is because, petrol pumps are everywhere, however, if they buy electric vehicles there aren’t many charging stations available.
To solve this problem Delhi government has promised to build a network of about 200 charging stations to facilitate the charging process for new vehicles on the road.
What is the target that electric vehicles want to achieve?
The government wants to ensure that till 2024 about 25% of the total registered vehicles are electric vehicles.
The CM said that “Today, this percentage is only 0.2%, and we want to take it to 25%”.
The policy also expects delivery service providers like Zomato and Swiggy to convert 50% of their two wheelers to electric ones till March 2023 and 100% till March 2025.
In the next three years half of the State-run buses will be changed to pure electric buses. The government will also introduce about 1,000 pure electric buses by 2020.
The main policy is to reduce pollution levels in the capital. Everybody knows that the pollution levels during winters reach their extreme. The Delhi government also says that this policy will also kick-start the economy which was bought down due to the COVID pandemic.