Delhi clears EV Policy 2.0 with steep subsidies and phased ICE two-wheeler ban from 2028
Delhi Cabinet approved EV Policy 2.0 offering road-tax waivers and subsidies up to ₹30,000 for e-2Ws, ₹50,000 for e-3Ws and ₹1 lakh for e-N1 vehicles, alongside a ₹30 lakh price cap. EV makers Ather and Kinetic Green welcomed it, while SIAM and ICE manufacturers opposed registration curbs ahead of the April 1, 2028 ICE 2W ban.
What happened
Delhi EV Policy 2.0 · Delhi Cabinet approved EV Policy 2.0 with road-tax waivers and subsidies for electric two/three-wheelers and cars, plus phased ICE bans.
Key facts
- ₹30 lakh price cap
- ₹15,000 crore investment
- ₹30,000 E2W subsidy yr1
- ₹50,000 e-3W subsidy
- ₹1 lakh e-N1 subsidy
- ICE 2W ban from Apr 1, 2028
Why this matters
The phased ICE ban and price-capped subsidy structure create a window to partner or acquire EV-2W/3W and charging assets before the 2028 deadline tightens valuations and supply.
What to watch
- Final notification with eligibility rules and subsidy disbursement mechanism
- SIAM/ICE OEM legal petition or court stay filings
- Delhi e-2W registration share month-over-month through 2026
- Charging point and swap-station rollout numbers vs targets
- Other state cabinets announcing parallel EV 2.0 policies
- Gig-worker/rider association response to ICE curbs
- EV OEMs expand Delhi-NCR dealer/service footprint and lock subsidy-aligned pricing under ₹30 lakh cap
- ICE incumbents (Hero, Bajaj, TVS, HMSI) accelerate own e-2W launches and lobby for timeline extension
- Charging/swapping operators bid for land and fleet contracts ahead of demand ramp
- Financiers and fleet aggregators (gig delivery) restructure leasing toward EV inventory
- Battery and component suppliers scout local assembly to qualify for incentives