New Delhi: In a major step towards promoting sustainable mobility and reducing vehicular pollution, the Delhi government has launched an online portal ‘My EV’ to facilitate the purchase and registration of electric autos (e-autos) in the capital.
The new platform — https://www.myev.org.in — has been developed in collaboration with Convergence Energy Services Limited (CESL) and aims to simplify the process for e-auto buyers while providing interest subvention benefits under the Delhi Electric Vehicle (EV) Policy.
First State to Offer Interest Subvention on E-Auto Loans
With this launch, Delhi becomes the first state in India to offer a 5% interest subvention on loans for the purchase of electric autos. This benefit will be in addition to existing incentives, making EV ownership more affordable for auto drivers transitioning from CNG to electric vehicles.
As per the official statement, the 5% interest subvention comes along with the ₹30,000 purchase incentive and an additional ₹7,500 scrapping incentive available under the Delhi EV Policy. Together, an e-auto buyer can receive up to ₹25,000 extra benefit through the interest subsidy.
Portal Designed for Transparent and Hassle-Free Access
Delhi Transport Minister Kailash Gahlot highlighted that the ‘My EV Portal’ will serve as a one-stop online system for applicants, ensuring transparent processing of loan benefits and easy access to approved vehicle models.
“The online portal will provide several options of approved vehicles to people while ensuring they receive the interest subvention on their loans via a smooth, automated process,” said Gahlot.
Through this digital system, Letter of Intent (LoI) holders can now seamlessly purchase e-autos and claim government incentives online.
Reservation for Women and Broader Inclusion
Under the initiative, the government is issuing a total of 4,261 Letters of Intent (LoIs) for e-autos, with 33% of them reserved for women drivers — a progressive move aimed at encouraging women’s participation in Delhi’s public transport sector.
The ‘My EV Portal’ is now accessible through the Delhi Transport Department’s official website, allowing users to register, apply for loans, and track incentive status in real time.
Future Plans: Extending Benefits to More Electric Vehicles
While the current scheme focuses on electric autos, the Delhi government confirmed plans to expand the benefit to other categories, including lithium-ion-based e-rickshaws, e-carts, and electric light goods vehicles.
Officials said the goal is to make Delhi a leader in India’s electric mobility transition by ensuring that both individual and commercial EV users can avail affordable financing options.
Empowering Drivers, Greener Delhi Ahead
This initiative is expected to benefit thousands of auto-rickshaw drivers in Delhi who are planning to switch from conventional fuel vehicles to eco-friendly electric ones. The government’s proactive measures are aligned with its broader vision of achieving 25% electric vehicle penetration by 2024, as outlined in the Delhi EV Policy.
By integrating financing, registration, and incentive processing on a single platform, ‘My EV Portal’ not only promotes cleaner transport but also empowers local drivers with better economic opportunities.