Delhi Government Will Start Subsidy Transfer To Bank Accounts Soon For Buying EV: Report

  • The software developed to allow this direct transfer is ready and is undergoing safety tests currently
  • The other important thing the government is working on is creating the charging infrastructure

As per a report by the Economic Times, Delhi government’s plan to transfer subsidies for buying electric vehicles directly to the bank accounts of buyers is going to start very soon. The report said that the EV policy says that the government will provide subsidies of up to Rs 30,000 for two-wheelers and up to Rs 1.5 lakh for cars to promote quicker adoption of EVs.

The policy will allow waiving off road tax and registration fees for electric vehicles. The report added that the software developed to allow this direct transfer is ready and is undergoing safety tests currently.

Charging infrastructure

The report added that the government is also trying to ensure that those opting for EVs get the financial benefits without facing any issues. The development of dedicated software for the transfer of the subsidy is part of this plan. This will help in online filling up of a form at the EV dealership, where bank account details of the buyer will be submited as per the report. The form will be approved by the motor licensing officer of the respective Regional Transport Office (RTO) where the EV will be registered and the amount will be transferred.

As per the report, the other important thing the government is working on is creating the charging infrastructure. Kejriwal had said that one of the reasons people do not purchase electric vehicles is due to low availability of charging points. He added that a network of charging stations will be created in Delhi and the government’s target is to create 200 charging stations in the next one year. Eventually, it aims to create a charging station every three kms.

- Advertisement -
Loading form…

Industry's Buzz

BYD leads global EV race

BYD Leads Global BEV Sales With Tesla No. 2

0
Domestic slowdown in China prompts carmakers to seek growth abroad, whilst European brands feel the heat in their home markets.  The latest electric vehicle industry...
Huawei

Huawei and US PC Maker HP Sign Multi-Year Cross-Licensing Wi-Fi Deal

0
Chinese telecoms firm and American PC manufacturer reach cross-licensing agreement covering next-generation Wi-Fi 7 technology following previous legal disputes.  Chinese telecoms giant Huawei Technologies has...

14 New Quantum Products Launched at C-DOT’s 43rd  Inauguration Day

0
The products have a broad range of applications including, but not limited to Telecom, Defence, BFSI and Government Utilities. According to C-DOT the aim...

Green Circuits Appoints Kirk Knudsen as Vice President of Procurement

0
The appointment is part of Green Circuits’ continued investment in its people, processes and operational capabilities Green Circuits, an electronics manufacturing services (EMS) provider serving...

Anoop Kumar Rai Takes Charge as BEL Director (Marketing)

0
Beyond defence applications, Rai has driven BEL’s diversification into civilian infrastructure Bharat Electronics Limited (BEL) has appointed Anoop Kumar Rai as its Director (Marketing), effective...

Learn From Leaders

(L-R) Nikesh Gondchawar, Strategic & Technical Advisor – Robotics Manufacturing; Shrikrushna Kakade, Founder Partner; Nikhil Kakade, Senior Technical Advisor – Robotics & Control Systems, SlightGen Solutions LLP

“A Made-In-India Robotic PCB Soldering System That Automates The Through-Hole Soldering Process!” – Shrikrushna...

0
Electronics manufacturing is complex, and automation often comes at a high cost. To bridge this gap and offer a more affordable solution in India,...
Navdeep Narula, Executive Director, Client and Endpoint Solutions, Ingram Micro, India

“Enterprise Computing Is Shifting From CPU to GPU And Now Toward NPU-Based Systems ”...

0
The shift from CPU to GPU to NPU-based computing is redefining today’s enterprise endpoints. In an exclusive conversation, Navdeep Narula from Ingram Micro discusses...

India’s Robotics Push Opens New Hardware Opportunities

0
How do you build India’s physical AI future when critical robot components still come from overseas? Niqo Robotics reveals where the gaps remain.  India’s push...
Gadhadar Reddy, CEO and Founder, NoPo Nanotechnologies

How A Material Thinner Than Human Hair Could Transform EV Batteries And Electronics –...

0
What if a material 200,000 times thinner than a human hair could transform EV batteries, semiconductors, and advanced electronics? NoPo Nanotechnologies is making that...
Raja Rajeev Kumar, Mentor at IIT Startups, Chairman of the Board of Trustees, LaxmiRamaVarma Holdings International, and Founder and CEO, ChromoSoul Ventures

“Build Strong Startups, and Funding Will Follow”- Raja Rajeev Kumar, IIT Startups, LaxmiRamaVarma Holdings...

0
While AI and software startups attract attention and capital, electronics ventures often struggle for both. Raja Rajeev Kumar from IIT Startups, LaxmiRamaVarma Holdings International...

Startups

(L to R) C2i Semiconductors Founders—Vikram Gakhar, Founder & Director, Mixed Signal; Preetam Tadeparthy, Founder, CTO, VP, Engineering; Ram Anant, Founder & CEO; B.S. Dattatreya, Founder & Director, Power

Bengaluru Startup Targets AI Data Centre Power Delivery

0
C2i is building power systems that can help AI servers use electricity more efficiently and reliably. Two friends, Ram Anant and Preetam Tadeparthy, were working...
(L-R) Sri Kusulu Devalla, Co-Founder and Hetendra Singh Rathore, Founder, Segritech

“We don’t just sort fruit; we match every quality grade with the right buyer.”...

0
An agritech startup has developed an AI-powered machine that sorts and grades fruits directly on farms, helping reduce post-harvest losses by connecting produce with...
Akshar Vastarpara, Founder and CEO, Vicharak

“Our SBCs Are Designed As Complete Edge-Computing Platforms That Combine Everything On A Single...

0
An Indian startup builds affordable edge AI boards for robots, drones, and industry, positioning them as Raspberry Pi alternatives. In an EFY interview with...
Dr Naveen Yanduru, CEO, Axiro Semiconductor Private Limited

“India Can Lead In IP—If It BacksIts Own Builders”

0
Axiro Semiconductor designs RF and satellite chips, ships millions worldwide, and retains its startup mindset while tackling complex technical challenges. In a conversation with...
Dr Sanjay Ahuja, Founder and CEO of Cionlabs, India

“We are solving India-specific challenges rather than offering generic ‘black box’ IoT solutions.”

0
From hybrid mesh networking to AI-enabled edge devices, an Indian IoT startup is developing home-grown solutions to improve connectivity, strengthen privacy and support the...