Noida, Apr 15 (APAC Media): The Delhi government’s draft Electric Vehicle (EV) Policy 2024–2030 outlines an ambitious regulatory and incentive-driven framework aimed at accelerating electric mobility adoption across vehicle segments, with an estimated financial outlay of around Rs 40,000 crore, according to official documents.
The policy proposes a phased transition to 100 percent electric registration for three-wheelers by January 2027 and for two-wheelers by April 2028, positioning the national capital among the most aggressive urban centres globally in advancing EV adoption.
The incentive structure under the draft policy is designed to be front-loaded to encourage rapid mass adoption of electric vehicles. Electric two-wheelers will receive subsidies of Rs 10,000 per kWh in the first year, capped at Rs 30,000 per vehicle, with support tapering in subsequent years.
Electric three-wheelers are eligible for a fixed incentive of Rs 50,000, while N1 category light commercial vehicles will receive Rs 1,00,000 in support.
Passenger electric vehicles will no longer be eligible for direct purchase subsidies, with incentives instead routed through scrappage-linked benefits and targeted tax exemptions to improve cost efficiency and drive fleet renewal.
EVs will continue to enjoy full exemptions on road tax and registration charges, although luxury electric cars priced above Rs 30 lakh have been excluded from the incentive framework.
Electrification mandates form the backbone of the policy, setting firm timelines for adoption across vehicle segments. All new three-wheelers must be electric from 2027, followed by two-wheelers from 2028.
Government and leased fleets will transition immediately to electric vehicles, while school buses are required to reach 10 percent EV penetration within two years and 30 percent by 2030. Delhi Transco Limited will oversee charging infrastructure rollout, and OEMs must install at least one public charging station per dealership to strengthen the ecosystem.
The policy is expected to reshape competition across the automobile industry, with clear winners emerging based on EV readiness and platform depth.
EV OEM Positioning and Upcoming Pipeline (Delhi EV Policy Impact)
| Segment | Company | Positioning | Key EV Models / Pipeline (2026–27) |
| 2W | TVS Motor Company | Strong early mover, expanding EV portfolio | iQube expansion, upcoming EV scooter |
| 2W | Bajaj Auto | Strong Chetak revival, scale advantage | New Chetak platforms |
| 2W | Ather Energy | Pure-play EV leader, tech-focused | EL platform scooter (2026) |
| PV | Tata Motors | Market leader in EV passenger cars | Safari EV, Sierra EV, Avinya |
| PV | Mahindra & Mahindra | SUV-led EV strategy | Thar.e, Vision S, Vision X |
| PV | Maruti Suzuki | Late entrant, scaling EV roadmap | Fronx EV (2027) |
| PV | Hyundai Motor India | Early global EV leverage | Ioniq 5 expansion |
| PV | Kia India | EV SUV pipeline building | Syros EV |
| PV | Toyota Kirloskar Motor | Hybrid-to-EV transition | Urban Cruiser EV |
| PV | Mercedes-Benz India | Premium EV leadership | EQ series expansion |
Delhi is viewed as a key indicator of EV adoption trends due to its aggressive regulatory approach. In the near term, demand may witness some deferral as consumers await policy clarity.
However, the framework is expected to drive a strong post-implementation surge in sales. Going forward, OEM competitiveness will largely depend on platform readiness, pricing strategies, and integration with the charging ecosystem as India’s EV transition gathers pace.
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