Electric Vehicle Price Hike: If you’re planning to buy an electric vehicle (EV), here’s some important news.
As the festive season drives up demand for EVs, buyers will now face an additional cost.
Starting October 13, the RTO (Regional Transport Office) discount on e-vehicle purchases has ended, which means EV prices will rise by ₹10,000 to ₹12,000.
Registration Fee Waiver Comes to an End
Until now, e-vehicle buyers were enjoying a waiver on registration fees, which made EVs more affordable.
However, the government has now decided to end this facility, adding to the financial burden on new buyers—especially just before the festive season.
Over the past year, electric two-wheeler sales have seen a massive jump. Businessman Dushyant shared that while showrooms sold about 10 EVs per month in 2024, this number has now tripled to around 30 per month.
Buyers Still See EVs as a Smart Option
Despite the price hike, some buyers still believe EVs are the better choice.
Alok Parashar from Pratibha Colony said, “Prices are increasing, but e-vehicles remain more economical compared to petrol vehicles.”
Similarly, Zehra Fatima, a student, added that using EVs can cut fuel expenses by up to 70%, making them a budget-friendly option for daily city travel.
RTO Confirms the End of the Exemption
According to RTO officer Pravesh Kumar, “The government’s exemption on e-vehicles was valid until 2025, and that deadline has now ended.
After this, e-vehicles will also have to pay a registration fee of around 12%, just like regular vehicles.”
With this policy change, buyers planning to purchase electric vehicles will now have to pay more upfront, although long-term savings on fuel and maintenance still make EVs an attractive choice.
