The Government of Delhi aims to hit a twofold growth in its electric vehicle registrations this financial year, as revealed by an outcomes budget document prepared by the planning department.
Key targets
Hindustan Times reported that the outcomes budget document outlines specific targets for this financial year for the state’s 22 departments.
The Transport Department of Delhi aims to register 223,988 electric vehicles by the end of March 2024. This target represents a twofold year-on-year increase from just 111,994 in the same period last year.
In addition, it also aims to boost the market share of EVs to 20.94% in new vehicle registrations in the same period. It also indicates a twofold growth from just 10.47% in the previous fiscal year.
Furthermore, the document also indicates the target of expanding electric car and two-wheeler EVs’ market share in the overall vehicle registrations in the Capital by the end of this financial year.
“With the goal of developing an efficient transportation system, the transport department has undertaken a variety of innovative schemes and projects…The department is also emphasizing the usage of electric vehicles to curb the air pollution, and for such purpose, e-vehicle policy has been formulated.”
Outcomes budget document
The document further stated that the government will allot up to ₹120 crore for the electric vehicle policy in the 2023-2024 fiscal year.
The Transport Department will also spend up to ₹90 lakh to ensure that all vehicles in the Capital will have a valid PUC (pollution under control) certificate.
Apart from that, it will also expand its current public charging stalls by twofold to 5,468 units.
Delhi’s EV push
Delhi’s Aam Aadmi Party (AAP) government launched the Delhi Electric Vehicle Policy to promote the shift to clean mobility and cut C02 emissions from the transportation sector.
The policy aims to facilitate two key changes in Delhi’s automotive industry, including the following:
- Electric bus adoption and replacement of Compressed Natural Gas (CNG)-powered public buses
- Promote EV adoption through subsidies
The Delhi Electric Vehicle Policy aims to have electric vehicles account for 25% of new vehicle sales in the Capital by 2025.
“With the supply of EVs increasing exponentially in the country, we need such aggressive targets from cities and states to increase EV uptake. If the priorities don’t change and there are no bottlenecks, such as at the time of registration or financing, the targets are fairly easily achievable.”
Amit Bhatt, managing director (India), International Council of Clean Transport (ICCT)
Delhi’s EV sales in August
Electric vehicle sales in Delhi reached 4,920 units in August, according to the Clean Mobility Shift’s EV Dashboard.
Of that total, electric two-wheelers accounted for 2,116 units. Three-wheeler EVs sold 2,249 units. Electric four-wheels only sold 440 units. Meanwhile, electric buses contributed 88 sales.
The dashboard also showed that Delhi’s EV penetration is 3.13% as of August.
See Also:
- Six major states dominated 60% of the Indian EV market in Jan to August period
- Delhi to impose a new EV policy focusing on charging infrastructures and purchasing incentives
- Chief Minister Kejriwal says nearly 80% of Delhi’s entire bus fleet to be electric by 2025
- Delhi government into near completion of installing 100 public EV chargers
- E-bikes sales in Q1-2022 exceed 2021 figures in Delhi, India
Delhi’s electrification initiatives are crucial for the local industry to advance and catch up with market leaders Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Rajasthan. For context, these six key markets cumulatively account for a 60% market share in the country’s electric vehicle industry.
