The draft Electric Vehicle (EV) Policy 2026-2030 proposed by the Delhi government outlines a roadmap to phase out petrol vehicles, aiming to enhance electric mobility in the region. Key aspects include a ban on new registrations of petrol-powered three-wheelers starting January 2027, followed by two-wheelers from April 2028, and restrictions on internal combustion engine vehicles in aggregator fleets from January 2026. This policy is currently open for public consultation and is expected to lead to a significant shift towards EV adoption, particularly in urban areas like Delhi. Companies such as Bajaj Auto, which leads in the three-wheeler segment, and TVS Motor Company, known for its electric scooters, are likely to see positive market reactions. Furthermore, the emphasis on expanding charging infrastructure, with Delhi Transco Limited as the nodal agency, is anticipated to benefit power and infrastructure firms, including Tata Power. Battery manufacturers like Exide Industries and Amara Raja Energy & Mobility may also experience increased demand due to the policy's focus on recycling and extended producer responsibility frameworks.