Under the new policy, a subsidy of 25 percent on the price of passenger electric and 33 percent on the price of cargo electric cycle can be availed in Delhi. A maximum subsidy of Rs 5,500 is being given on cargo e-cycles. The first 1,000 buyers will be given an additional discount of Rs 2,000 on the e-cycle.
Electric cycle dealers or OEMs will apply for incentives on behalf of the customer. The application will be done through the online platform and the subsidy will be credited to the buyer’s bank account within seven working days. Demand incentives will be payable to individual beneficiaries as well as businesses with valid GST registration.
Under this policy, if delivery or cargo companies want to scrap their old petrol-powered two-wheelers, they will be given a subsidy of Rs 3,000 on each new e-cargo cycle purchase. The vehicles will have to be scrapped from an authorized scrap dealer. For this, the customer will also have to obtain a certificate from the scrap dealer.
The Delhi Government has required the dealers of all approved OEMs to provide all information to the customers regarding the approved eligible e-cycle models under the Delhi EV Policy and the demand and scrapping incentives applicable at the time of sale.
It has also been said that the dealer will have to collect the necessary information from each customer at the time of sale of the vehicle. The dealer will keep this information safe with him for 3 years. The OEM or the dealer will have to enter the ‘Unique Frame Number’ on the online application/software, from which the incentive amount will be calculated automatically.
For the buyer of an EV who wishes to scrap their existing ICE vehicle, they need to approach the dealer engaged in the sale of e-cycle and provide their old ICE vehicle along with a Certificate of Registration (RC).
The dealer will accept the vehicle and RC from the e-cycle buyer and will file an application on behalf of the buyer to the concerned RTO requesting to scrap and de-register the ICE vehicle.