Punjab’s new five-year electric vehicle policy has been designed to increase the number of annual electric vehicle registrations in the state by 25% over the next five years. Bearing in mind the potential of electric vehicles as a long-term sustainable solution, the dedicated policy of the state government will also encourage electric vehicles and the manufacture of electric vehicle components with emphasis on mobility and a cleaner job.
The EV policy is designed to have a direct and indirect impact on several United Nations Sustainable Goals (SDGs). It will also exempt EVs from paying the fees for issuing or renewing the registration certificate and granting the new registration. The latter complies with GSR 525(E) notification dated August 2, 2021 in Central Motor Vehicles Rules, 1989, Rule 81.
Apart from this, road taxes of all electric vehicles registered in Punjab will also be exempt during the five-year period of the policy. A detailed annual report will also be carried out during these years.
The incentives mentioned above will only be applicable during the period of the policy, however, the Ministry of Transportation may change the period of the policy or any of the clauses of this policy with appropriate notifications.
The EV policy further recognizes the need to promote cleaner mobility in – Ludhiana, Jalandhar, Patiala, Amritsar and Bhatinda. These five cities contribute 50% of vehicle emissions in the state and these cities are collectively referred to as the target cities.
Also, the policy will help –
Promote the creation of public and private electric vehicle charging infrastructure in the state
Make Punjab a preferred destination for the manufacture of electric vehicles, components and batteries.
Make the state an electric vehicle R&D center led by a center of excellence.
Enable job creation and introduce professional and academic training programs that will meet the human resource needs of the electric vehicle ecosystem.
Minimize damage to the environment by encouraging the recycling and reuse of used batteries.
Reduce vehicle emissions by the end of his term