India’s national capital’s struggles to improve its notorious air quality are well known. The state EV policy focuses on bringing down air pollution levels. The policy imposes a pollution cess on the sale of new petrol/diesel vehicles as well as existing ICE vehicles. It has a target of electrifying half its bus fleet and 25% of the newly registered vehicles by 2023. The policy also encourages charging infrastructure deployment, with plans to install charging stations every 3 kms.
- 50% subsidy for 2W from FAME 2, and fixed capital subsidy of ₹30,000 for 3W
- Interest subvention of 5% on loans for 4 W up to ₹10,000 per kWh (max ₹ 1,50,000 per vehicle)
- 100% subsidy for the purchase of charging equipment up to ₹6,000 per charging point
- Target of 500,000 new EVs on the road in the next five years
|Policy focus areas||Demand side incentives||Incentives for charging infrastructure||Manufacturing incentives for EVs and components||Research and innovation|