In an effort to control environmental pollution in the state of Punjab brought on by vehicle emissions, the Punjab Cabinet, presided over by Chief Minister Bhagwant Mann, approved the Punjab Electric Vehicle Policy (PEVP) 2022 on Friday, 3rd February 2023.
Objectives : The Punjab EV policy was created with the intention of encouraging adoption so that by the end of the policy year, electric vehicles would account for 25% of all new vehicle registrations. Additionally, it aims to reduce vehicle emissions, encourage the development of public and private EV charging infrastructure in the state, make Punjab a preferred location for the production of EVs, their components, and batteries, make Punjab a center for EV research and development under the direction of a Center of Excellence, and ensure sustainability and reduce environmental harm.

Aims : The Punjab government aims to establish favorable conditions for the production of EVs, EV manufacturing facilities, EV components, batteries, and EVSE. Additionally, the state must work to establish a strong R&D environment in order to draw in the anticipated investments in the electric vehicle industry. According to the Punjab Industrial and Business Development Policy 2017, these industries would receive all the incentives for “thrust areas” regardless of where their manufacturing facilities are located in the state.

Read more: https://e-vehicleinfo.com/punjab-govt-approves-electric-vehicle-policy/