Delhi's EV Policy 2.0 dangles ₹1 lakh car subsidy — but locks resale for 5 years
Draft policy offers up to ₹1 lakh off electric cars, ₹50k on e-autos, ₹30k on e-bikes, plus road tax waiver under ₹30 lakh. Catch: subsidised EVs cannot be resold for five years. Awaiting cabinet nod after 700+ stakeholder inputs.
What happened
Delhi Government · Delhi's proposed EV Policy 2.0 offers up to ₹1 lakh subsidy on electric cars, ₹50k on e-autos, ₹30k on e-bikes, plus road tax waivers, but
Key facts
- ₹1 lakh subsidy on EV cars
- ₹50,000 on e-autos
- ₹30,000 on e-bikes
- 5-year resale lock
- 30 lakh price cap for road tax waiver
- 700+ suggestions
Why this matters
The 5-year non-transferability reshapes EV financing and leasing economics — scout partnerships with captive NBFCs and fleet operators who can underwrite locked assets, and reassess any used-EV marketplace M&A thesis in NCR.