Delhi Chief Minister Rekha Gupta announced the state government’s plan to invest ₹15,000 crore in electric mobility over the next four years, following cabinet approval of the EV policy that will remain effective until 2030. The investment includes ₹7,000 crore earmarked specifically for boosting electric vehicles (EVs) and ₹8,000 crore allocated for EV infrastructure and tax exemptions, the CM said at a press conference at the Delhi Secretariat today, June 29, according to inc42.com.
The new policy offers incentives to accelerate EV adoption, including a ₹1 lakh scrapping incentive for owners of BS IV four-wheelers. Additionally, subsidies of ₹30,000 and ₹50,000 will be provided to buyers of EV two-wheelers and three-wheelers, respectively, during the first year of the policy. Gupta emphasized that the government aims to bridge the gap between fuel vehicles and EVs through a smooth transition facilitated by the EV policy roadmap, which also focuses on charging infrastructure development and scrapping old vehicles.
This investment aligns with Delhi’s broader goal to become pollution-free by 2030 by promoting electric mobility. The policy’s comprehensive approach, combining financial incentives and infrastructure support, positions Delhi alongside other Indian states intensifying efforts to electrify transportation. The scale of the ₹15,000 crore commitment marks one of the largest state-level investments in EVs and infrastructure, reflecting growing governmental focus on sustainable urban transport solutions.
The Delhi EV policy’s implementation starting this year will provide subsidies and infrastructure expansion aimed at increasing EV adoption. The ₹1 lakh scrapping incentive for BS IV vehicles and subsidies for two- and three-wheelers are set to be rolled out immediately, marking a significant step in the city’s transition to electric mobility, inc42.com reported.