Delhi's new EV Policy 2026 is here, bringing zero road tax, zero registration fees, purchase incentives and scrappage benefits for eligible electric vehicles.
The Centre will soon ask state governments to provide up to 25 per cent rebate on road tax for vehicles that are purchased after scrapping old vehicles under the new proposed scrappage policy
The policy is expected to attract investments worth Rs 10,000 crore to set up 450-500 automated testing stations (ATS) and 60-70 registered vehicle scrapping facilities (RVSF) across the country
Modi also said that a scrapping certificate would be issued for a vehicle, based on which there would be no registration fees required for the new vehicle purchase as part of the policy.
French carmaker Renault on Friday said the launch of the vehicle scrappage policy will usher in enhanced investments into the auto industry and also help in cutting down the raw material cost
The National Automobile Scrappage Policy unveiled on Friday will benefit all stakeholders as it will boost manufacturing, create jobs, Union Road Transport and Highways Minister Nitin Gadkari said
Modi launched the National Automobile Scrappage Policy and said the initiative will promote a circular economy and make the process of economic development more sustainable and environment-friendly
Auto industry says move will largely impact sale of commercial vehicles like buses and trucks but is unlikely to give a fillip to sale of personal vehicles
The policy is expected to encourage customers to go in for new purchases which will be backed-up by government incentives in lieu of their old vehicles
"Now, we are going to start the new scrapping policy, by which old cars, trucks and buses will be scrapped," the Minister of MSME and Road Transport and Highways said
Tata Motors, which is the leader in the commercial vehicle segment, said the upcoming legislation should clearly define incentives as well as regulatory norms for disposing the old vehicles
