Delhi Government To Provide Incentive To Buyers Of Electric Cycles
NDTV
According to the scheme guidelines, e-cycle buyers will get a purchase incentive of 25 per cent of the price with a cap of maximum Rs 5,500 a piece.
The Delhi government has brought in a scheme under which financial incentive will be provided to those buying electric cycles.
The demand incentive shall be applicable for the first 10,000 e-cycles, both passenger and cargo, it said.
According to the scheme guidelines, e-cycle buyers will get a purchase incentive of 25 per cent of the price with a cap of maximum Rs 5,500 a piece. An additional incentive of Rs 2,000 will be given to the first 1,000 individual owners of e-cycles.
E-cargo cycles will be eligible for a purchase incentive of 33 per cent of the price (not exceeding Rs 15,000 per vehicle).
