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Delhi govt’s EV policy shows 86% success rate so far

Updated: May 25, 2023 03:21:29pm
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Delhi govt’s EV policy shows 86% success rate so far

New Delhi, May 25 (KNN) The Electric Vehicles Policy 2020 rolled out by the Delhi government has achieved 86 per cent of the target, reported HT.

Monitoring a sharp rise in sales of such vehicles over the last three years, officials privy to the matter told HT about the development.

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Since the policy was implemented in 2020, the sales of EV two-wheelers has risen from 1,165 in 2020 to 34,596 in 2022, while the same for EV three-wheelers has jumped to 21,623 in 2022 from 10,328 in 2020, officials said.

In the EV four-wheeler segment, sales went up from 886 to 5,641 in the same period, they added.

While EV adoption has been high in Delhi, the sales have been higher in the two and three-wheeler segments, while lowest uptake has been among private four-wheelers, according to the EV cell.

The numbers were shared at a meeting on Wednesday where officials in the transport department, stakeholders and experts discussed areas which need to be worked upon in the new EV policy.

The existing policy saw 89 per cent disbursement of incentives and fee waivers for EVs, setting up of 85 per cent of the targeted charging infrastructure and creation of 70 per cent of the targeted jobs, officials said.

Besides, 63 per cent of the battery recycling ecosystem has been developed and 50 per cent of the dedicated EV fund has been utilised, they said.

In December 2022, the sale of EVs in Delhi peaked at 17 per cent — the highest-ever ratio by any state in India.

Delhi transport minister Kailash Gahlot said that in the last three years, Delhi has emerged as India’s EV capital, while in the next three, the city will aspire to be a world EV leader.  (KNN Bureau)

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