Context: Recently, the Delhi Chief Minister Arvind Kejriwal rolled out a ‘new electric vehicle policy’ for the national capital.
About New Electric Vehicle Policy
- There will be an incentive of up to Rs 30,000 on electric two-wheelers, electric autos & e-rickshaws and up to Rs 1.5 lakh on electric cars.
- The Delhi government will organise an Electric Vehicle (EV) Cell to implement and supervise the new electric vehicle policy.
- The policy will facilitate the setting up of 100 electric vehicle charging stations across the city in one year.
- The policy addresses different segments of the EV industry and holistically covers every aspect of EV adoption.
- The policy is aimed at registering 5 lakh Electric Vehicle in Delhi in the next five years.
- The policy which will remain valid for a period of three years seeks to drive the rapid adoption of Battery Electric Vehicles (BEVs).
Significance of New Electric Vehicle Policy
- Employment Opportunities and Reduction of Air Pollution: It aims to boost the economy by creating jobs and also reduce air pollution in the national capital.
- Financial Assistance and Scrapping Incentive for the Buyers: The buyers of electric two- and three-wheelers, and electric cars will be liable for financial assistance from the government, along with a ‘scrapping incentive’.
- Boost in the sale of Electric Vehicles: The robust and well-thought EV policies will further boost the EV sales in the respective states.
- Model Policy for other states: The policy in a way is a benchmark for other states’ policies to follow that are based mostly on attracting manufacturers rather than catalysing demand.
- Reduction in Import Bill of Oil: The policy is in-line with India’s aim to reduce its oil-import bill and reduce the burden on exchequer and forex reserves of India.
- The policy fuels demand generation through scrappage & purchase incentives, tax exemptions & interest subvention and open permits.
- The policy enables the entire ecosystem through a strong focus on charging infrastructure and driver training.
- The setting up of EV board, Cell and Fund is definitely a step towards driving the implementation of the big vision.
- The EV policy will be an addition to the Centre’s scheme of ‘Fame India Phase-2’ and people can also avail benefits under both the schemes.
Concerns of New Electric Vehicle Policy
- Absence of support to Lithium Battery e-Scooters: The missing point in the policy is that it doesn’t support the lithium battery e-scooters with speeds up to 25km/hr.
- The lithium battery e-scooters are particularly popular with Delhites because of their attractive prices and extremely low running costs and with a bit of support from the Delhi government, the adoption of such e-scooters would have grown multifold.
- In the near future, the open-permit system for electric autos in Delhi will promote zero-emission last and the first-mile green mobility in the capital.
- The Government’s decision to incentivise e-vehicles will surely act as a catalyst for inclining the customers towards electric vehicles in every aspect.
- The Government’s vision to touch a 25% registration mark by 2024 is a quite practical approach and will help the city in curbing other concerning factors including generating employment opportunities, pollution levels, etc.
Source: The Hindu