Delhi EV Policy 2026: Up to ₹1 Lakh Subsidy, 100% Road Tax & Registration Waiver
Delhi's new EV policy (effective 1 July 2026) offers ₹30,000 2W and ₹50,000 3W incentives, ₹1 lakh for N1 trucks, and full road tax/registration waivers on cars up to ₹30 lakh. Backed by ₹15,000 crore investment, ₹7,000 crore subsidy and 32,000 charging points, with petrol-diesel 2W sales banned from 2028.
What happened
Delhi Government · Delhi's new EV policy (effective July 2026) offers subsidies up to 1 lakh, 100% road tax/registration waivers, scrapping incentives, and bans
Key facts
- 30,000 rupees 2W incentive
- 50,000 rupees 3W
- 1 lakh rupees N1 trucks
- 100% road tax/registration waiver up to 30 lakh cars
- 15,000 crore investment
- 7,000 crore subsidy
- 8,000 crore charging infra
- 32,000 charging points
Why this matters
The subsidy-backed EV ramp opens partnership and M&A opportunities across charging infrastructure, EV 2W/3W retail, and last-mile fleet electrification before the 2026 incentives crystallize valuations.
What to watch
- Subsidy pool utilization rate disclosures (% of ₹7,000 cr consumed)
- Monthly EV vs ICE registration mix in Delhi RTO data
- Charging point deployment pace vs 32,000 target
- OEM EV price announcements post-1 July 2026 effective date
- Any mid-cycle subsidy cap or eligibility tightening notifications
- ₹30 lakh price-cap reclassification or expansion signals
- Map EV-SKU availability vs ICE for top 2W/3W brands in Delhi-NCR retail footprint
- Negotiate forecourt/parking conversions to charging-anchored retail formats with CPO partners
- Build subsidy-claim ops to handle waiver paperwork at point-of-sale and reduce friction
- Hedge ICE 2W inventory exposure; sequence orders to avoid 2028 dead stock
- Lock charging-hub co-location deals (QSR, convenience, services) for dwell monetization