Delhi's Electric Vehicle Policy 2.0, effective 1 July 2026 to 31 March 2030, commits Rs 150 billion total investment, with Rs 80 billion earmarked for charging infrastructure and tax concessions and Rs 70 billion for purchase incentives, according to Nomura. The policy mandates electric only registrations for autorickshaws from 1 January 2027 and ends petrol and CNG two wheeler registrations from 1 April 2028. Nomura described the infrastructure spend as a key long term positive and suggested the policy could serve as a blueprint for other large Indian states.
Why it matters: The Rs 80 billion charging allocation over four years signals substantial procurement opportunities for charge point operators and equipment suppliers in India's capital region. If replicated by other states, the policy framework could unlock a multi state pipeline for infrastructure tenders and private investment.