Delhi Govt.’s EV Policy to accelerate Adoption, give a boost to new Investments, R&D & Innovations towards localization and Employment

“Delhi Government’s policy for Electric Vehicles comes at the right time for this industry segment, which has been reeling under pressures of the recessionary conditions from last year followed by the onslaught of the COVID-19 pandemic which necessitated the phases of lockdown. The consumer-focussed incentivization will bring the different categories of electric vehicles in the consideration set of buyers, who were shying away so far. The policy is also wholistic in nature that will be steered by an ‘EV Cell’ and presents a five-year roadmap that will see 5 lakh EVs on roads of the National Capital. Further, the state government envisages setting up a strong network of charging infrastructure comprising of 200 charging stations that will act as a catalyst to the growth of the segment as it will effectively address the range anxiety concerns.” said Mr. Pankaj Tiwari, Business Head of Nexzu Mobility India, on the Electric Vehicles (EVs) policy announced by Mr. Arvind Kejriwal, Hon’ble Chief Minister of Delhi.
“The waiver on the registration fee, road tax, and incentives ranging from  ₹ 30,000 up to ₹1.5 lakh to 2-wheelers, autos, e-rickshaws, and freight vehicles commercial vehicles and cars, apart from the low-interest loan on electric commercial vehicles, symbolizes democratized approach of the Government to accelerate the adoption of EVs across categories to give a boost to Delhi’s economy, increase new investments, R&D, innovations towards localization in the segment and reduce pollution levels,” explained Mr. Pankaj Tiwari, Business Head of Nexzu Mobility.

“The progressive approach of the government towards sustainable mobility powered by Electric Vehicles in future is established by the fact that it expects EVs to constitute  25% of the vehicle registrations by 2024, which will bring corresponding, much needed, employment opportunities that had taken a hit over the last 4 months due to the pandemic,” added Mr. Tiwari. 

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