Delhi Transport Minister Kailash Gahlot has announced that the Delhi government is giving a subsidy of Rs 5,500 to the first 10,000 e-cycle buyers in the city. He also said that the first 1,000 e-cycle buyers will get an additional subsidy of Rs 2,000. With this, the first 1,000 e-cycle buyers in the city will get a total subsidy of Rs 7,500.
In addition, the Delhi government will also provide subsidy on the purchase of heavy duty cargo e-cycles and e-carts for commercial use. The subsidy on cargo e-cycle will be Rs 15,000 for the first 5,000 buyers. Earlier this subsidy was being provided to individual buyers of e-carts. But now the company or corporate house buying these vehicles will also be eligible to get subsidy on the purchase of e-cycle. Gehlot announced that he would get a subsidy of Rs 30,000.
Delhi becomes first state to give subsidy on e-cycle
₹7500 subsidy for ₹1500 e-cycle
️₹5500 subsidy for first 10000 e-cycles
₹30000 subsidy given to corporates on e-cart
So far we have given subsidy of ₹ 59.44 crore to promote Zero Emission Electric Vehicles
— you (@AamAadmiParty) April 7, 2022
“Delhi has become the first state to give subsidy on e-cycles,” he said.
However, there is a catch. The minister said that only the residents of Delhi would be eligible to get subsidy under this scheme. Further, the minister said that the Delhi government has given a total subsidy of Rs 59.44 crore to promote zero emission EVs since the inception of the policy in August 2020.
Delhi Chief Minister Arvind Kejriwal reacted to the development by congratulating people for choosing cycles to reduce pollution in the city. “Congratulations Delhi! Today we are taking yet another important step in the fight against pollution… E-cycle will help Delhiites to reduce the use of polluting vehicles.”
It was the first time after the Delhi government that e-cycle buyers were offered a subsidy of up to Rs 7,500 on BGR India.