Delhi Government Approves EV Policy; Plans ₹15,000 Crore Boost for Green Mobility

The Delhi Cabinet has approved a substantial ₹15,000 crore investment plan for an electric vehicle policy set to begin from July 1, 2026, which will be executed over the next 4 years, as per news reports.  

Chief Minister Rekha Gupta announced that under this initiative, 95% of all new vehicle registrations in Delhi are targeted to be electric by 2027. 

Key Features of Delhi's Electric Vehicle Policy 

The policy includes the provision for only electric auto registrations beginning January 1, 2027, and e-two wheelers from April 1, 2028.  

Owners of BS IV four-wheelers will receive a ₹1 lakh scrapping incentive. To enhance the appeal of electric vehicles, the government will offer a ₹30,000 subsidy for electric two-wheeler purchases and ₹50,000 for three-wheelers during the first year. 

Tax Waivers and Incentives 

A draft proposal included a 50% road tax waiver for hybrid vehicles priced up to ₹30 lakh. However, an official stated that the current policy excludes any subsidy for hybrids.  

Discussions are ongoing about possibly extending incentives, as hybrid incentives have reportedly accelerated electric vehicle adoption globally. 

Read More: India GDP Growth May Surpass 7% in FY27 on Stable Oil Prices, Says RBI MPC Member! 

Delhi Government's Strategy and Target 

The Delhi government aims to bolster its leadership role in promoting electric mobility. By establishing such an ambitious target and providing financial support, it intends to transform the capital’s vehicular landscape significantly. 

Conclusion 

The Delhi government's ₹15,000 crore investment plan seeks to facilitate a transportation paradigm shift by reaching 95% electric vehicle registrations by 2027. The initiative includes notable incentives like ₹1 lakh for scrapping BS IV vehicles, subsidies for two and three-wheelers, and additional support aimed at promoting electric mobility adoption. 

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