Electric Vehicles just became more affordable!

EVs, a future proof solution against pollution and other issues in the area of mobility. People in India always see EVs with a sceptical and doubtful mind. Charging infrastructure, maintenance, service and initial investment are some of the major dealbreakers. While companies and governments are trying their best to improve the situation, there is still a long way to go. As of now Hyundai Kona Electric, MG ZS EV and Tata Nexon EV are the only pure electric vehicles available for purchase in India. Find out below about how Electric Vehicles became affordable in New Delhi?

What is the new policy?

The new Delhi Electric Vehicle Policy aims to increase utilization of battery-powered vehicles in the capital of India.  Under this policy, the government has promised to provide an incentive of Rs.10,000 per 1 kWh of the EV’s battery capacity with a maximum of Rs.1.50 lakh.

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As a result, MG ZS EV, Hyundai Kona and Tata Nexon EV buyers all will get a maximum incentive of Rs.1.50 lakh in Delhi on the ex-showroom price of the car. Additional features under this scheme completely waive off-road tax and registration fees.  However, there is a catch here as all these benefits will be provided to only the first 1,000 EV customers. As this is a government-administered process, we will advise you to proceed with caution. More about how Electric Vehicles became affordable below.

Also read: New Warranty options for Hyundai Kona Electric

When will this policy start?

The above policy is already active and continue to be enforced for three years from now. All EVs sold will bear green coloured license plates to differentiate them. Delhi Government also launched FAME  2 which gives tax incentives upto Rs.2.5 lakh. All these schemes make buying an EV an extremely lucrative offer and value for money proposition.

What about Charging infrastructure?

Delhi is already working its way towards better-charging infrastructure in the city. The city recently installed the first-ever public DC charger in the city in association with ABB. EV owners will also have to install chargers at their home and special discounts will make this process affordable. Government has also asked corporations and agencies to help them in this giant operation.  First 30,000 charging equipments set up in existing buildings will receive incentives upto Rs.6,000 per charging equipment. 

Additional information

All these benefits will be transferred directly to the buyer after the purchase of EV and sufficient proof is submitted to the Transportation department. Sometimes these steps regarding submission to government agencies are notorious for long time process. User must practice caution.  Also the EVs bought under Delhi Electric Vehicle Policy will also bear a sticker denoting the same.

All these steps hopefully will decrease the air pollution in Delhi which is on an all-time high. The Delhi Transport Department has also promised to establish a new dedicated EV department to look into the above process.  Delhi, the capital of India may go on to become a leading example of in-country in support of EVs.

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