New Delhi, June 30 (IANS). Industry leaders on Tuesday said the approval of the Delhi Electric Vehicle (EV) Policy 2026 is a visionary step that will give a new impetus to investment, manufacturing and innovation along with promoting sustainable urban transport in the capital. He believes that this policy will play an important role in strengthening India’s electric mobility ecosystem.
Leading industry body PHD Chamber of Commerce and Industry (PHDCCI) said it will work closely with the government and industry for effective implementation of the policy. The organization aims to develop a strong, competitive and sustainable electric mobility ecosystem that can contribute to economic growth, industrial transformation and environmental protection.
Rajiv Juneja, Chairman, PHDCCI, said that this policy makes clean transportation an important foundation of Delhi’s future economic growth and sustainable urban development. He said the policy will boost investor confidence, promote innovation in electric mobility technologies, expand domestic manufacturing and create large-scale employment opportunities in the EV sector.
He said that this policy at the national level is in line with India’s broader goal of strengthening globally competitive manufacturing under the ‘Make in India’ campaign.
The new policy includes financial incentives on purchase of electric vehicles, complete waiver of road tax and registration fees for eligible vehicles, incentives on scrapping of old vehicles, large-scale expansion of charging infrastructure and a plan to electrify various categories of vehicles in a phased manner.
The government also proposes to invest around Rs 15,000 crore for the development of the EV ecosystem during the policy period.
According to the report, this policy is not limited to promoting electric vehicles only, but is likely to increase investment in many sectors like battery manufacturing, charging infrastructure, renewable energy, power distribution, electronics, automobile components, software solutions, fleet management, financing, recycling and circular economy.
Delhi EV Policy 2.0, which will be in force till 2030, includes several major incentives and strict provisions to promote electric vehicles. Under this, electric vehicles priced up to Rs 30 lakh (ex-showroom) will get 100 percent exemption in road tax and registration fees. Apart from this, incentives up to Rs 30,000 will be given on electric two-wheelers, up to Rs 50,000 on three-wheelers and up to Rs 1 lakh on scrapping old BS-IV or older vehicles.
According to this policy, new petrol-powered motorcycles and scooters will not be registered in Delhi after March 31, 2028. At the same time, registration of new CNG auto-rickshaws will also be stopped after the end of 2026.
Dr. Ranjit Mehta, CEO and General Secretary, PHDCCI, said that as the use of electric vehicles increases, the demand for technologies like advanced battery technology, power electronics, semiconductors, charging equipment, digital payment platforms, predictive maintenance and smart energy management will also increase rapidly. This will create new investment and employment opportunities in the entire EV industry and related sectors.
–IANS
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