Shares of electric vehicle (EV) companies, including Ather Energy, JBM Auto, and Olectra Greentech, experienced notable gains on April 13, following the release of the Delhi government's draft Electric Vehicle Policy for 2026-2030. The policy aims to phase out petrol two-wheelers by April 2028 and CNG three-wheelers by January 2027, marking a significant shift towards cleaner transportation. Ather Energy's stock surged over 5% to ₹906.80, while JBM Auto and Olectra Greentech rose by 2.5% and nearly 3%, respectively. The draft policy is currently open for public consultation until May 10, allowing stakeholders to provide feedback. Notably, the policy focuses on tax incentives, offering a waiver on road tax for electric vehicles and a 50% concession for hybrid vehicles priced up to ₹30 lakh (approximately $36,000 USD). Delhi Chief Minister Rekha Gupta emphasized the importance of this policy in establishing a sustainable transport system in the capital, highlighting the need for extensive financial incentives and infrastructure development to promote EV adoption.