Punjab gives nod to draft EV policy

The Punjab government has approved the draft of a new electric vehicle (EV) policy.

According to the draft policy, EVs will be pushed in the state’s major cities such as Ludhiana, Jalandhar, Amritsar, Patiala, and Bathinda which collectively have more than 50 per cent of the state’s vehicles. Punjab’s draft EV policy envisages 25 per cent more EV registrations than last year. The draft policy proposes cash incentives to the people opting for EVs in the state. A provision has been made to waive the registration fee and road tax on the registration of these EVs. Further, the first 100,000 buyers of EVs will get a financial incentive of up to Rs 10,000, whereas first 10,000 buyers of electric auto rickshaw and e-rickshaw will get a concession of up to Rs 30,000. The first 5,000 e-cart buyers will get an incentive up to Rs 30,000 and first 5,000 buyers of light commercial vehicles will get an incentive between upto Rs 30,000-Rs 50,000.


Enter your email address