In a sudden, unexpected development, the AAP-led State Govt in Delhi has ended all subsidies related to electric cars.
This means that if you are buying a new electric car in India’s national capital, you will need to pay more money.
Find out more details, right here.
Delhi Govt Ends Subsidies For Electric Cars
Delhi Govt had announced a special incentive of Rs 10,000 per kWh of battery capacity, while buying a new electric car.
This incentive was capped at Rs 1.5 Lakh per car, along with free registration and zero road tax.
These special subsidies and incentives have now been cancelled, much to the dismay of new electric car buyers.
For electric bikes, the subsidy remains the same as of now: Rs 5000 per kWh of battery capacity, with a maximum cap of Rs 30,000.
Reason Why Subsidy Has Been Withdrawn
As per Delhi Govt, the buyers who are opting for electric cars are already paying Rs 15 lakh or more, and they can certainly afford the car.
Hence, a discount of new lakhs won’t matter to them.
Delhi transport minister Kailash Gahlot said, “Actually, a subsidy is not required for e-cars as such because those who can afford to pay around ?15 lakh for a vehicle do not care if the cost is ?1-2 lakh more, sans the subsidy.”
As per the Minister, the subsidies and discounts would be more applicable for auto drivers, two-wheeler buyers and delivery partners for ecommerce and food startups, and hence, their Govt will focus on giving them incentives to buy electric vehicles.
He further said, “We are witnessing good results of our electric vehicle policy and the adoption of such vehicles is gaining pace. We are committed to realising the dream of making Delhi the country’s electric vehicle capital, according to the vision of Chief Minister Arvind Kejriwal,”
We will keep you updated, as more details come in.
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