The Delhi government has decided to extend the current electric vehicle policy until December 31 this year, according to Transport Minister Kailash Gahlot.
This extension means that all incentives and subsidies provided under the existing policy will remain in effect.
Gahlot explained that the decision to extend the policy was made by the Delhi Cabinet, and the new Delhi Electric Vehicle Policy 2.0 is in its final stages and will be notified soon after the necessary approvals.
The new policy will likely focus on incentivizing vehicle retrofitting to electric power, considering the high conversion costs, as many individuals are interested in converting their internal combustion engine vehicles to electric.
The previous Delhi Electric Vehicles Policy 2020 expired on August 8, 2023, and it aimed to increase the share of electric vehicles in Delhi to 25% by 2024.