Before you scrap your old car, check pros and cons of Delhi’s new EV policy that could pay you Rs 50,000 to go electric
As the national capital continues to battle foul air, the Delhi government had announced plans last week to incentivise the retrofitting of old petrol and diesel cars and their conversion into electric vehicles (EVs) under its new EV policy. “Under this proposal, the government is planning to provide an incentive of Rs 50,000 for the first 1,000 old vehicles retrofitted into EVs. The plan is under consideration, and a final decision will be taken after Cabinet approval,” an official had said. While retrofitting your petrol and diesel vehicle offers benefits ranging from lower maintenance costs to more regulatory compliance, it is not without its own challenges. According to experts, the nascent market, high GST rates on retrofit kits, and reduced financial benefit for owners in the long run are some key deterrents. ALSO READ | Delhi govt gives in-principle nod to run privately-owned EVs as shared taxis As per a research note from JMK Research and Analytics, an energy consultancy, a vehicle owner could incur 60-70% of the cost of a newly purchased EV just …







