Delhi Witnesses 20% Surge in Electric Vehicle Sales, While Diesel Vehicles Decline by Over 24%
Recent data from the transport department has revealed a remarkable 20% increase in electric vehicle (EV) sales in Delhi during the first half of the current fiscal year compared to the same period last year. In contrast, sales of diesel-powered vehicles have experienced a sharp decline of more than 24% over the same timeframe. Delhi residents purchased 32,400 EVs by September 30, a significant increase from the 26,936 sold the previous year.
This shift in consumer preference can be attributed to the higher cost and environmental concerns associated with diesel vehicles. As EVs gain traction in the market, diesel vehicles have faced a diminishing demand.
In line with these developments, the Delhi government has set an ambitious target of registering 25% of new vehicles as electric by 2025, further emphasizing the growing shift towards cleaner and more sustainable transportation options in the capital.
Delhi government had expected an earning of Rs 3,000 crore from registration and road tax on motor vehicles in the current fiscal. Though the collection so far has not been as per estimates, officials said the sale of new vehicles is always higher in the second half of the financial year when the festive season begins in October and November and dealers offer attractive schemes and discounts.