Delhi: 5% Rebate On Loan Interest Taken For Electric Vehicle (EV)

If you live in Delhi and are going to buy electric vehicles, then there is good news for you. If you take a loan to buy an electric vehicle here, then you will get a rebate of 5 percent in interest. According to the news of news agency IANS, the Delhi government on Wednesday signed an agreement with Convergence Energy Services Limited (CESL) to provide 5 percent interest subvention in loans on purchase of selected categories of electric vehicles in Delhi. 

Vehicle sale will increase

According to the news, with this agreement, the Delhi government has become the first state government to provide easy financing as well as interest subvention for the purchase of EVs. The agreement will give a boost to lithium-ion-based e-rickshaws and e-carts as well as electric autos and electric light goods vehicles in Delhi.

Can avail additional benefits

The 5 percent interest on loan for purchase of electric vehicles from Delhi government under subvention EV policy is in addition to the purchase incentive of Rs. 30,000 and scrap incentive of up to Rs.7,500. Under this scheme, electric auto and electric light commercial vehicle buyers will be able to take additional benefits of up to Rs 25,000.

    1 thought on “Delhi: 5% Rebate On Loan Interest Taken For Electric Vehicle (EV)”

    Comments are closed.