Delhi Finalises EV Policy With Up To Rs 1 Lakh Subsidy For Four-Wheelers, Rich 2W/3W Incentives
Delhi's Cabinet cleared an EV policy running July 2026 to March 2030, with up to Rs 1 lakh subsidy for 4Ws, Rs 30,000 for 2Ws and Rs 50,000 for 3Ws in Year 1. A Rs 7,000 crore outlay plus Rs 8,000 crore infra push targets 32,000 charging points—lifting EV retail demand and auto dealer footfall.
What happened
Delhi Government · Delhi's Cabinet finalised an EV policy offering subsidies up to Rs 1 lakh for four-wheelers and heavy incentives for 2W/3W from 2026-2030,
Key facts
- Up to Rs 1 lakh 4W subsidy
- Rs 30,000 2W Year 1
- Rs 50,000 3W Year 1
- Rs 7,000 crore outlay
- Rs 8,000 crore infra
- 32,000 charging points
- July 1 2026 to March 31 2030
Why this matters
The 32,000-charging-point target and four-year policy window open partnership and acquisition opportunities across charging infrastructure, dealer networks, and EV-focused retail formats in the Delhi market.
What to watch
- Notification of subsidy disbursement mechanism and eligibility caps
- Monthly Delhi EV registration data post-July 2026
- Charging point installation milestones vs 32,000 target
- Competing state EV policy revisions (Maharashtra, Karnataka)
- Any ICE de-registration or restriction clauses in final policy text
- EV-focused OEMs and dealers expand Delhi-NCR showroom and service footprint
- 2W/3W players (Ola, Ather, TVS, Bajaj) intensify Delhi marketing given strong incentives
- Charging infra firms (Tata Power, Statiq, ChargeZone) bid for the 32,000-point buildout
- Auto financiers roll out EV-specific loan products timed to subsidy windows
- Battery/component suppliers scale local capacity ahead of demand