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Kailash Gehlot (file photo)
Kailash Gehlot (file photo)

New Delhi: Transport Minister Kailash Gahlot said on Sunday that the Delhi government will soon introduce interest subsidies of up to 5 per cent on the purchase of electricity-driven vehicles in the city.

The step has been taken to promote the policy of the Delhi government that offers financial incentives in all categories of electronic vehicles – two-wheeled, three-wheeled, four-wheeled, freight carriers, electric rickshaws.

“The 5 percent subsidy that will be provided through the Delhi Finance Corporation (DFC) to provide an easy financing opportunity for vehicle owners to turn their fleet into electricity,” Gahlot said.

“We are at an advanced stage of drafting this proposed scheme and it will be announced soon. This scheme can be used by all vehicle ranges and will provide easy access to finance for those companies that are ready. to upgrade their fleet to electric, “he added.

Meanwhile, the Minister also urged the owners of the city’s commercial vehicles to convert half of their fleet into electricity by 2023.

He also assured that e-commercial vehicles will be allowed to move on restricted roads and beyond the set time.

“Fleet vehicles move for maximum duration on the streets of Delhi and can significantly contribute to reducing pollution levels in the national capital by switching to EV.”

Currently, there is a restriction on the transportation of freight carriers on the streets of the capital during peak hours to avoid congestion.

Gahlot said the decision to allow good electric carriers to move on the streets of Delhi around the clock was taken based on feedback given by fleet companies. However, the proposal is under discussion.

To promote its EV policy by claiming a move against toxic air pollution of the national capital, the Kejriwal government claimed to have also offered a boost of up to Rs 30,000 for two-wheelers, rickshaw and e-rickshaw vehicles, while for freighters vehicles and cars up to Rs 1.5 lakh.

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