(MENAFN- KNN India)
11 e-cycle models eligible for subsidy under Delhi electric vehicle policy
New Delhi, June 20 (KNN) Under the Delhi electric vehicle policy, the state government has approved 11 models of e-cycles and 2 e-cargo cycles models for subsidy.
As per reports, six more models of e-cycles are under consideration and by the end of this month, the Delhi government is likely to approve them.
The approval of six new models will increase the number of e-cycles options available to the people of Delhi for availing the subsidy.
To strengthen its efforts to expand the city's electric vehicle market and battle pollution, the government will provide subsidies to only those who are residents of Delhi.
Delhi's first 10,000 electric cycle buyers will each get purchase incentives of 25 per cent(up to Rs 5,500), while the first 1,000 will get an extra incentive of Rs 2,000.
“The Delhi government will also provide purchase incentives of 33 per cent of up to Rs 15,000 per vehicle to the first 5,000 e-cargo cycles buyers to support the city's food delivery and e-commerce executives”, government official said.
The incentives will be credited to the bank account of the buyer within 7-10 working days after the purchase.
The starting price of passenger cycles range from Rs 25,000- Rs 28,000 while the cargo cycles cost anywhere between Rs 42,0000 and Rs 48,000.
Dialogue and Development Commission of Delhi vice-chairperson Jasmine Shah said“a very small section of people are using e-cycles but the Delhi government is bringing it to the mainstream, especially for the people associated with the delivery segment.”
“This will have a huge advantage in their employment opportunities. The people engaged in the home delivery business will no longer have to buy expensive two wheelers, but will be able to do their work by using e-cycle only,” she added.
Delhi currently has over 825 electric vehicle charging points and over 165 battery swapping stations where EV owners can exchange exhausted batteries with fully charged batteries. (KNN Bureau)
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