Delhi’s New EV Policy 2.0 aims for 95% adoption of EVs by the year 2027

To address the degrading air quality problems, the Delhi Government has introduced a unique plan by aiming for 95% of EV adoption of all new vehicle registrations by 2027. The new EV policy 2.0 has drastically increased their targets as compared to the previous targets of 25% EV adoptions by 2024.

This new policy will also help in phasing out old CNG vehicles such as auto rickshaws, taxis and light commercial vehicles in order to fulfill this target. Some of the highlights of the EV Policy 2.0 are 

1. 95% of all new vehicles to be EVs by 2027.

2. CNG commercial vehicles to be banned and replaced with EVs.

3. 90% of the CNG buses to be removed by year-end. 

Understanding Delhi EV Policy 2.0 

The new EV Policy 2.0 aims to establish Delhi as the leader in EV adoption. It is estimated that over 3 lakh EVs are registered in Delhi, supported by 4,793 charging points, a number which the policy aims to expand to 18,000 charging points by 2026.

Passenger Vehicles & Two-Wheelers: The policy is planning to achieve this by increasing the installation of EV charging stations in new buildings as well as providing various subsidies to promote private setups. Along with that, the policy also aims to integrate fast charging stations across major roads. Over 13,200 charging station will be set up across the city.

Commercial Vehicles: The new EV policy 2.0 is also specifically focussing on eradicating commercial vehicles which are major contributors in producing carbon emissions. The new EV policy will also increase the e-buses count to 8,000 from the current 2,000 by 2026. 

The policy aims to achieve this by eradicating 90% of the CNG-powered buses by the end of 2025, in order to generate demand for e-buses which will replace these old CNG buses responsible for pollution in Delhi. 

In addition, The new policy will also help in phasing out other CNG commercial vehicles such as autorickhaws, taxis and light commercial vehicles, by providing various incentives in order to replace them with EVs. The policy also includes providing purchase incentives for two and three-wheelers that are important for the city's overall transportation. 

The new EV policy 2.0 is expected to be implemented in April 2025 and will be focussing on fast-track transition towards EVs, and will be replacing the 2020 EV policy, which set out the target for 25% EV adoption. 

However, the earlier target was not achieved, but by late 2024, it is estimated that nearly 20% vehicle registrations were EVs, which is responsible due to the subsidies, policies, tax waivers and government support. 

How will the EV Policy 2.0 impact you?

The policy is still not implemented, so it is yet to clarify its effect on private vehicle owners, but more details are expected once the policy gets implemented in April 2025. 

This policy could provide a boost to EV manufacturers like Tata Motors and Mahindra, along with other global EV players who are coming to establish themselves in the EV sector, and could witness an increase in the demand of EVs through the policy’s potential impact.