PSU NEWS
Delhi govt plans to launch e-cycle in its green drive
New Delhi: Delhi Government is planning to promote its evergreen project of e-cycle under Delhi Electric Vehicle Policy 2020, this green drive will promote financial incentives under this ambitious policy.
This project was already notified in August, by the state government's transport through drafting a proposal for introducing e-cycles as a new segment under this policy.
An e-cycle is a bicycle with an integrated electric motor that will assist riders if they pedal at the same time. As per the draft proposal, these cycles need to be fitted with suitable brakes and retro-reflective devices, including a white reflector in the front and a red one in the rear.
The government has already started providing a subsidy of up to Rs 30,000 on two-wheelers and up to Rs 1.5 lakh for cars to promote faster adoption of EVs. For e-cycles, it plans to subsidize 25% of the cost of the cycle (up to Rs 5,500) and give a fixed additional incentive of Rs 2,000 on the first 10,000 e-cycles.
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