Kejriwal government is going to give subsidy of up to Rs 8,500 on e-cycle

Delhi is in the race to become the electric vehicle capital. Due to increasing environmental pollution, the Kejriwal government has already issued instructions to cancel diesel vehicles older than 10 years and petrol vehicles older than 15 years. To increase the use of electric vehicles, the Delhi administration came out with an EV policy in August 2020. This time the government is planning to bring electric cycles under this policy.

From January 1 to March 31, 2020, 5,244 electric vehicles were sold in Delhi. Corona sales decline in 2021, which stood at 5,244. However, a total of 11,615 EVs were sold during the same period this year. Out of which 6% are electric two-wheelers.

Following the increase in the sales of battery operated two wheelers, it has been decided to bring e-bikes under the EV policy. However, not only in Delhi, but across India, the report shows that the demand for two-wheelers in electric vehicles is increasing. Many companies, big and small, are launching new models of electric two-wheelers in the Indian market.

A Delhi government official said, “After initially focusing on electric four wheelers, we are campaigning to increase the acceptance of electric two-wheelers. This is because Delhi has the largest number of two wheelers among conventional fuel vehicles, which also cause pollution. Unlike electric two-wheelers, battery-operated bicycles do not offer financial benefits. So it has been decided to bring it under EV policy.

The draft policy of the Delhi government proposes 25% subsidy on the total cost of electric cycle. It sought incentives up to Rs 5,500. As an additional financial incentive, the Delhi government is planning to provide a one-time subsidy of Rs 2,000 for the first 10,000 electric cycles under this policy.