The big news of the day is that Delhi is taking a significant step towards sustainable mobility with the launch of its EV Policy 2.0. The current EV policy expired on March 31 and was extended by 15 days and officials say the new draft is nearly complete and awaits cabinet approval.
About the new EV Policy 2.0
The New policy by Indian government and Delhi’s authorities are focused on reducing emissions and promoting clean energy solutions. The draft policy proposes a complete ban on petrol and CNG two-wheelers from August 15, 2026. It also proposes no registration of fossil fuel-powered three-wheeler goods carriers from August 15, 2025.
The policy aims to transition Delhi’s transportation system towards electric vehicles (EVs), with a target to make 95 percent of vehicles electric by 2027. The bold move will help the city combat pollution while setting a clear path toward a greener future for its residents.
Here’s a breakdown of the key aspects:
Ban on Petrol and CNG Two-Wheelers
From August 2026, petrol and CNG two-wheelers will be banned from registration in Delhi. Iconic models like Hero Splendor and CNG-powered Bajaj Freedom will no longer be sold, promoting a shift toward electric alternatives.
Phasing Out Auto Rickshaws and Small Commercial Vehicles
From August 2025, all petrol, diesel, and CNG-powered three-wheelers will be phased out. Auto-rickshaw permits will be converted to e-auto permits, offering owners the opportunity to transition their vehicles to electric.
Impact on Four-Wheelers
The policy mandates that every third vehicle purchased by an individual must be electric. This step ensures that electric vehicles are integrated into private ownership, further pushing the city toward clean mobility.
Transition of Government Fleets
By December 2027, all garbage trucks and other government vehicles will switch to electric, helping reduce pollution and support the government’s environmental goals.
Expansion of Charging Infrastructure
Delhi already boasts 1,919 charging stations, with plans to expand this network significantly. The increased availability of charging stations will make EV adoption more convenient for the public.
Stocks Set to Benefit from Delhi’s EV Policy 2.0
As Delhi’s EV journey gains momentum, several stocks are expected to benefit from the policy’s long-term impact on the automotive and green energy industries.
Tata Motors: A leader in the electric vehicle space, Tata Motors is well-positioned to capitalize on the growing demand for EVs in Delhi.
Tube Investments of India Ltd: It is a leading manufacturer of steel tubes, bicycle components, and precision engineering products. It is part of the Murugappa Group and operates in diverse sectors, such as automotive, industrial components, and mobility solutions.
Aether Energy: A key player in the electric two-wheeler market, Ather is expected to see growth in the wake of the petrol and CNG two-wheeler ban.
Exide Industries: As a major battery supplier for electric vehicles, Exide will benefit from the rise in EV adoption.
With the continued support from government policies and the growth of EV infrastructure, these companies are set to gain as Delhi accelerates its transition to cleaner transportation.
Written by Sridhar J
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