Delhi Govt’s policy for EV comes at the right time: Pankaj Tiwari, Business Head of Nexzu Mobility

Mr. Pankaj Tiwari,  Business Development Head - Nexzu Mobility India

Commenting on the  () policy announced by  Arvind Kejriwal, Chief Minister of Delhi; Pankaj Tiwari, Business Head of Nexzu Mobility India said – “Delhi Government’s policy for 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 COVID-19 pandemic which necessitated the phases of lockdown. The consumer focussed incentivization will bring the different categories of in the consideration set of buyers, who were shying away so far. The policy is also wholistic in nature that will be steered by an ‘ Cell’ and presents a five year roadmap that will see 5 lakh 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 progressive approach of the government towards sustainable mobility powered by Electric Vehicles in future is established by the fact that it expects EVs to constitute  25% of the vehicle registrations by 2024, which will bring corresponding, much needed, employment opportunities that had taken a hit over the last 4 months due to the pandemic.” added Mr. Tiwari. 

“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.” explained Mr. Pankaj Tiwari, Business Head of Nexzu Mobility.