India, April 12 -- Residents of Delhi will get up to Rs 1 lakh as a scrapping incentive on purchasing a new electric car in exchange for scrapping their old BS-IV and below vehicles, under the draft EV policy released by the city government.

According to the draft Delhi Electric Vehicle Policy 2026-2030, the incentive will be applicable if the purchase is made within six months of issuance of the Certificate of Deposit (CoD) from an authorised scrapping facility.

It stated that a scrapping incentive of Rs 1,00,000 will be provided for the purchase of a new electric car, subject to an ex-factory price not exceeding Rs 30 lakh.

The benefit will be available for the scrapping of Delhi-registered BS-IV and below cars and will be limited to...