Ola Electric subsidy prices in Delhi. | Updated 2024
H. Karan Kumar
Updated on Sept 19, 2023 | 6 min read
Delhi has been at the forefront of the EV revolution with heavy incentives and various subsidies as the government provide incentives for electric vehicles of all the categories, EV 3, 2, and 4 wheelers. New Delhi is one of the cities where Ola Electric sells most of its electric scooters, followed by Ather Energy, TVS Auto, etc.
One of the biggest reasons companies sell most of their vehicles in Delhi is the incentives and subsidies given to EV buyers. E-scooters like Ola Electric, Ather 450X, Hero Vida, etc., have the lowest on-road price in Delhi, and the reason behind this is Delhi’s EV subsidy.
In this article, we’ll see how much subsidy Ola Electric gets and explore the on-road price of each variant.
Ola Electric Subsidy in Delhi
Scooter | On-Road Price | Subsidy | Net Price (On road price – subsidy) |
Ola S1 Pro Gen 2 | 1,29,999 | ₹19,850 | 110,149 |
Ola S1 Air | 1,04,999 | ₹14,900 | 90,099 |
Ola S1 X 2kWh | 79,999 | ₹9,925 | 70,074 |
Ola S1 X 3kWh | 89,999 | ₹14,900 | 75,099 |
Ola S1 X 4kWh | 1,09,999 | ₹19,850 | 90,149 |
Ola S1 X+ | 84,999 | ₹14,900 | 70,099 |
One can claim the subsidy after 2 months; the only criterion is that a Delhi citizen must book the vehicle.
EV subsidies in Delhi
The Delhi government’s EV subsidy varies depending on the type of vehicle you’re purchasing:
Two-wheelers:
- Battery-capacity linked subsidy: ₹5,000/kWh, capped at ₹30,000.
- An additional incentive for the first 1,000 individual e-cycle owners: ₹2,000.
Three-wheelers:
- E-cargo cycles: 33% of the e-cycle price, capped at ₹15,000.
- E-rickshaws and e-carts: ₹30,000.
- 5% interest subvention on loans and hire purchase schemes for e-rickshaws and e-carts with advanced batteries.
Four-wheelers:
- Battery-capacity linked subsidy: Up to ₹1.5 lakh based on the battery capacity.
Scrapping Incentive:
- An additional ₹2,000-₹3,000 on top of the existing subsidy if you scrap your old petrol or diesel vehicle while buying an EV (subject to evidence of matching contribution from the dealer/OEM).
Vehicle Type | Subsidy Amount |
Two-wheeler | ₹5,000/kWh, capped at ₹30,000 |
Three-wheeler (E-cargo cycle) | 33% of the e-cycle price, capped at ₹15,000 |
Three-wheeler (E-rickshaw/E-cart) | ₹30,000 with no cap. |
Four-wheeler | Up to ₹1.5 lakh based on the battery capacity |
Scrapping Incentive (additional) | ₹2,000-₹3,000 |
Conclusion:
Delhi offers significant subsidies and incentives for electric vehicles across categories like two-wheelers, three-wheelers, and four-wheelers. These subsidies have made Delhi one of the top markets for EV sales, particularly for companies like Ola Electric.
The incentives are linked to battery capacity and vehicle type, providing substantial savings for EV buyers. For example, Ola’s S1 Pro Gen 2 e-scooter has an on-road price of ₹1,29,999 in Delhi but receives a subsidy of ₹19,850, bringing the effective price down to ₹1,10,149.
