The Delhi government has approved the New Delhi EV Policy 2026, introducing a series of incentives aimed at accelerating the adoption of electric vehicles and gradually reducing the use of petrol-powered vehicles. The policy will take effect from July 1, 2026, and will remain in effect until March 31, 2030.One of the biggest features of the scheme is a 100 percent discount on road tax and registration fees for private buyers buying electric cars below Rs 30 lakh, ex-showroom. This reduces the high cost of owning an EV in the capital. However, buyers planning to buy electric cars worth more than Rs 30 lakh will not be eligible for the exemption and will have to pay taxes and registration fees.Apart from passenger cars, the scheme also supports financial support in several EV sectors. Buyers of electric two-wheelers can get incentives of up to Rs 30,000, while three-wheelers are eligible for up to Rs 50,000. Those purchasing N1 electric vehicles can receive incentives of up to Rs 1 lakh, encouraging businesses to switch to cleaner modes of transportation.The government has also offered a number of incentives to encourage owners of older internal combustion engine (ICE) vehicles to switch to EVs. Depending on the car model, incentives range from Rs 5,000 to Rs 1 lakh. Under the scheme, buyers who get rid of an old petrol or diesel four-wheeler can get Rs 1 lakh, while two-wheelers are eligible for Rs 10,000, three-wheelers for Rs 25,000, and N1 commercial vehicles for Rs 50,000.Through financial incentives, the policy is implementing a ban on the registration of new petrol vehicles in the regions. From January 1, 2027, only three-wheelers and N1-type cargo carriers are allowed to be newly registered in Delhi. A major change will take place on April 1, 2028, when the registration of petrol-powered motorcycles and scooters will be suspended in the National Capital Territory.It is important to note that the restrictions apply to new vehicle registrations only. The two existing gasoline vehicles and other ICE vehicles that were registered before the deadline can continue to be used under existing regulations.