Delhi Government’s Electric Vehicle Policy | UPSC
Experts welcome Delhi government’s electric vehicle policy
WHY IN NEWS:
The policy aims to make a quarter of all new vehicle registrations battery-operated by 2024
SYLLABUS COVERED: GS 3:Transport
For PRELIMS it is not an important initiative as it is a state policy.
For MAINS this can prove to be the first step to improvise your FAME answers ! Also go through the key highlights of the policy .
- This policy is being seen as a stimulus strategy to boost jobs and economy.
- The proposed 25 per cent transformation could catalyse electric vehicle production and bring more product diversity.
- The intervention is critical to cushion the impact of the COVID-19 lockdown on the overall vehicle market.
KEY HIGHLIGHTS OF THE POLICY
- A purchase incentive of Rs 5,000 per kilowatt / hour of battery capacity (advanced battery), maximum incentive of Rs 30,000 per vehicle for two-wheelers.
- A purchase incentive of Rs 30,000 per vehicle (advanced battery) for e-autos.
- A purchase incentive of Rs 30,000 per vehicle for purchase of one e-rickshaw and e-cart. Additionally, interest subsidy of 5 per cent on loans on vehicles with advanced battery.
- A purchase incentive of Rs 10,000 per kilowatt / hour of battery capacity (advanced battery), and maximum incentive of Rs 150,000 per vehicle to the first 1,000 e-four wheelers.
- Complete removal of road tax and registration fee for all battery electric vehicles.
- It is commendable that the much-awaited notification has happened despite the ongoing novel coronavirus disease (COVID-19) crisis and economic slowdown.
- This Electric Vehicle Policy is the country’s most progressive policy .
- It is expected that 5 lakh new electric vehicles will be registered in the next five years.