Delhi becomes first state to give subsidy on purchase of e-cycles

Delhi becomes first state to give subsidy on purchase of e-cycles

Delhi becomes first state to give subsidy on purchase of e-cycles

Rs 7500 subsidy to be given to first 1000 buyers

New Delhi, April 7 (Delhi Crown): The Delhi Government on Thursday announced subsidy on purchase of passenger e-cycles, thus becoming the first state to do so across the country.

A subsidy of Rs 7,500 will be given to the first 1000 buyers of e-cycles. One person will be allowed to purchase only one e-cycle. The highest speed for e-cycles will be below 25 km/hour.

The subsidy will be directly transferred to the buyer’s bank account, as the sale of e-cycles will be linked to Aadhaar Cards, announced Delhi’s Transport Minister Kailash Gahlot while addressing media persons.

Kailash Gahlot was accompanied by Jasmine Shah, the Vice-Chairperson of the Dialogue & Development Commission of Delhi and senior Aam Aadmi Party (AAP) functionary.

After the sales of first 1000 e-cycles Rs 5,500 subsidy will be provided to the next 9000 buyers. One passenger e-cycle costs around Rs 30,000.

Besides, Rs 15,000 subsidy will be provided to the purchase of cargo e-cycles for the first 5000 buyers, said Gahlot.

He added that so far the Delhi Government has provided a total subsidy of Rs 59.44 crores on purchase of e-vehicles.

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