Part of: GS Prelims and Mains III – Environment and Pollution; Green initiatives; Sustainable development
Context:
- Delhi government launched Electric Vehicle Policy
- It aims to ensure 25% of the newly registered vehicles in Delhi by the year 2024 we e-vehicles
Benefits:
- Boost the city’s economy
- Reduces pollution levels
- Generates employment in the transport sector
Measures taken –
- Various incentives to promote the purchase of e-Vehicles
- Low interest rates for the purchase of e-Vehicles
- To waive off registration fees and road tax on newly registered e-vehicles
- Creation of network of charging stations
- Policy Push by government for e-vehicles (reduction of GST rates from 12% to 5% for vehicles, and from 18% to 5% for vehicle chargers)
- Push by State governments to adopt e-vehicles (Eg. Delhi, Kerala)
- Dedicated schemes like FAME; local manufacturing and the growth of domestic technology.