India, March 24 -- The Delhi Budget 2026 has proposed a so-called EV Policy 2.0 that prioritises vehicle scrappage over simple subsidy against a purchase, in what is seen as a renewed push for electric mobility in the national capital.

The new framework, which has received an outlay of Rs.200 crore in the budget, aims to systematically remove the state's aging, polluting fleet with incentives strictly tied to decommissioning of older vehicles. To unlock the highest brackets of financial support, buyers must provide a "Certificate of Deposit" to prove that they have scrapped a Delhi-registered BS-IV or older petrol or diesel vehicle.

The incentive structure for the first year of the policy includes:

The government has also proposed a Rs...