Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleIndia's capital, New Delhi, will offer a cash incentive of over$1,000 to car owners willing to scrap their old vehicle for an EV (AFP via Getty Images)New Delhi's government has finalized a new electric vehicle policy with a $1.59 billion outlay over four years, aiming to combat severe air pollution in one of the world's most polluted cities.The policy offers a cash incentive of $1,060 to car owners who scrap vehicles purchased before April 1, 2020, and switch to an EV.Buyers of battery EVs priced up to 3 million rupees will be exempt from road tax and registration fees, which typically range from 4% to 10% of the vehicle's cost.Incentives for electric two-wheelers include a 30,000 rupee cash incentive in the first year, decreasing to 10,000 rupees by the third year, with a mandate that only electric two-wheelers will be registered from April 1, 2028.The policy, expected to take effect on July 1, also includes incentives for establishing 32,000 EV charging points across Delhi and is anticipated to significantly boost major EV manufacturers.Thank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
New Delhi will offer residents $1,000 to scrap old cars for EVs
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleIndia's capital, New Delhi, will offer a cash incentive of over$1,000 to car owners willing to scrap their old vehicle for an EV (AFP via Getty Images)New Delhi's government has finalized a new electric vehicle policy with a $1.59 billion outlay over four years, aiming to combat severe air pollution in one of the world's most polluted cities.The policy offers a cash incentive of $1,060 to car owners who scrap vehicles purchased before April 1, 2020, and switch to an EV.Buyers of battery EVs priced up to 3 million rupees will be exempt from road tax and registration fees, which typically range from 4% to 10% of the vehicle's cost.Incentives for electric two-wheelers include a 30,000 rupee cash incentive in the first year, decreasing to 10,000 rupees by the third year, with a mandate that only electric two-wheelers will be registered from April 1, 2028.The policy, expected to take effect on July 1, also includes incentives for establishing 32,000 EV charging points across Delhi and is anticipated to significantly boost major EV manufacturers.Thank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
