NEW DELHI
Delhi’s ambitious new plan for electric vehicles (EVs) is expected to spark a massive wave of buying in the coming years.
A recent report suggests that the government’s 2024–2030 draft policy, backed by a massive ₹40,000 crore budget, will fundamentally change how people in the capital travel. The goal is clear: make all new three-wheelers electric by 2027 and all two-wheelers electric by 2028.
While the long-term outlook is bright, there might be a short-term dip in sales. Because the policy is still in the “draft” stage, many buyers are waiting for final details before spending their money. However, experts believe this “wait and watch” approach will lead to a huge surge in demand once the rules are officially launched. People who delayed their purchases will likely rush to showrooms to take advantage of the new benefits.
To encourage early buyers, the government is offering the biggest rewards right away. For example, those who buy electric scooters in the first year can get up to ₹30,000 in incentives. These rewards will gradually decrease over the following years to encourage people to switch sooner rather than later.
The policy also shifts focus for cars. Instead of direct cash handouts, the government is offering tax breaks and rewards for scrapping old, polluting vehicles. Even “strong hybrid” cars are getting a 50 percent discount on road tax. This strategic roadmap ensures that Delhi remains a leader in green energy, rewarding companies that have already invested in electric technology.
