India, June 29 -- Adding to its effort to electrify transportation in the national capital, Delhi chief minister Rekha Gupta announced the government's plans to invest a sum of Rs.15,000 Cr to support electric mobility over the next four years. The state government's cabinet approved the EV policy today, which will remain in effect till 2030.

"Of the total investment, a sum of Rs.7,000 Cr will be specially earmarked for boosting electric vehicles in the city in the four-year period, while Rs.8,000 Cr will be allocated towards EV infrastructure and tax exemptions in the next four years," she said while addressing a press conference at the Delhi Secretariat today (June 29).

Under the new EV Policy, those who own BS IV four-wheelers will n...