The state of Punjab is set to get its own EV policy as CM Bhagwant Mann recently approved the draft policy which entails a number of incentives for EV buyers. Under the new upcoming policy, Punjab will waive off registration fee and road tax for EV buyers across the state, along with offering cash incentives.
According to the draft EV policy, the first one lakh EV buyers in the state will be offered incentives of up to Rs 10,000, in addition to the tax and registration waiver. The state aims to promote electric vehicles in cities like Ludhiana, Jalandhar, Amritsar, Patiala, and Bhatinda, as these cities contribute 50 percent of the total vehicle sales in the state. The objective of the policy is to bring total EV count to 25 percent of all vehicles plying in the state.
According to the draft EV policy, the first one lakh EV buyers in the state will be offered incentives of up to Rs 10,000, in addition to the tax and registration waiver. The state aims to promote electric vehicles in cities like Ludhiana, Jalandhar, Amritsar, Patiala, and Bhatinda, as these cities contribute 50 percent of the total vehicle sales in the state. The objective of the policy is to bring total EV count to 25 percent of all vehicles plying in the state.
Not just the Rs 10,000 incentive for the first one lakh buyers, the EV policy would include a concession of Rs 30,000 for the first 10,000 buyers of electric auto rickshaws and e-rickshaws. Also, the first 5,000 e-cart buyers will get an incentive of up to Rs 30,000 and first 5,000 buyers of light commercial vehicles would benefit from an incentive ranging from Rs 30,000 to Rs 50,000.
The minister also stated that the state government is working on setting up of electric vehicle charging stations and improve the charging infrastructure for private and public EVs. The state aims to become a manufacturing hub for electric vehicles, EV batteries, and components, he added.