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Study Notes

09-Apr-22

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Delhi: Incentives for e-Cycles

The government of Delhi has decided to incentivize e-cycles under the Electric Vehicle (EV) policy. This will include cargo and passenger e-cycles having speeds less than 25 km/hour.

Overview:

To the first 10,000 buyers, 25 percent off of MRP up to Rs 5,500 as a purchase incentive will be provided.
To the first 1000 individual owners of e-cycles, an additional incentive of Rs 2,000 will be provided.
A purchase incentive of 33 percent of MRP up to Rs 15,000 per vehicle will also be provided by the government to the first 5,000 e-cargo cycles buyers to support e-commerce drivers and food delivery.
With all these incentives, Delhi has become the first state/UT to promote e-cycle in the nation.

Scrapping incentives

Scrapping incentives will also be provided to the buyers of cargo e-cycles and e-cycles. The incentive under Scrapping Incentive will be up to Rs 3,000 per vehicle, for the purpose of deregistering and scrapping old two-wheelers that are registered in Delhi.

By: Samar Thakur

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