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Okinawa happy with new EV policy

Delhi Government’s new policy for Electric Vehicles comes at the right time for this industry segment, which has been reeling under pressures of the recessionary conditions from last year followed by the onslaught of the pandemic which necessitated the phases of lockdown.

The consumer focused activity will bring the different categories of electric vehicles in the consideration set of buyers, who were shying away so far. The policy is also holistic in nature that will be steered by an ‘EV Cell’ and presents a five year road-map that will see 5 lakh EVs on roads of the National Capital. Further, the state government envisages setting up a strong network of charging infrastructure comprising of 200 charging stations that will act as a catalyst to the growth of the segment as it will effectively address the range anxiety concerns.

The waiver on registration fee, road tax, and incentives ranging from ₹30,000 up to ₹1.5 lakh to 2-wheelers, autos, e-rickshaws and freight vehicles commercial vehicles and cars, apart from low-interest loan on electric commercial vehicles, symbolises democratized approach of the Government to accelerate adoption of EVs across categories to give a boost to Delhi’s economy, increase new investments, R&D, innovations towards localisation in the segment and reduce pollution levels.

Below is a quote from Mr. Jeetender Sharma- MD and Founder, Okinawa sharing his opinion and views on the policy.

“It is a motivation to see the government working towards accelerating adoption of electric mobility. The policy now allows selling electric vehicles without batteries. This widens the scope for manufacturers and buyers both. We are swiftly adopting the much-needed flexibility and comfort in the EV ecosystem.

Tax rebates will help drive the demand better. This is also expected to reduce the overall cost of acquisition of the product by saving amount in the vehicle registration procedure, thus offering affordability. We look forward to more such industry boosting policies,” said Mr. Jeetender Sharma- MD and Founder, Okinawa.