Delhi’s electric vehicle (EV) policy has expired once again, leading to significant changes for new EV buyers. The existing policy, which has been extended multiple times, officially ended on June 30, 2024. As a result, any new electric vehicles registered in Delhi from July 1 onwards will no longer be eligible for subsidies. This marks a substantial shift, as subsidies have been a key driver for promoting electric vehicle adoption in the city.
Registration Statistics
The statistics highlight the growing trend of electric vehicle registrations in Delhi. Over 11% of the new vehicles registered in the city are electric. As of June 30, 2024, more than 3.33 lakh new vehicles had been registered, with 38,338 of them being electric. In June alone, 47,000 vehicles were registered, including 3,992 electric vehicles. These numbers reflect the increasing popularity of electric vehicles among Delhi residents.
Previous Extensions
The expiry of the EV policy has not been sudden. Delhi’s current EV policy initially expired on August 8, 2023, and has since been extended four times, with the most recent extension lasting from March to June 30, 2024. Despite these extensions, the new policy has not been implemented, causing uncertainty and disruption for potential EV buyers.
A senior government official noted that while the policy can be extended, financial transactions related to the subsidies require cabinet approval. Unfortunately, this approval cannot be granted without the Chief Minister’s availability, delaying the process further.
Subsidy Details
The details of the subsidies previously provided under the policy are crucial for understanding the impact of its expiry. For two-wheelers, the subsidy was ₹5,000 per kilowatt (battery capacity), up to a maximum of ₹10,000.
E-rickshaws and e-autos received a subsidy of ₹30,000, while four-wheelers were eligible for up to ₹30,000, applicable only to the first 1,000 vehicles. The halt in these subsidies is expected to affect the affordability and appeal of electric vehicles for new buyers in Delhi.
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