The govt aims to boost green transportation and combat the climate crisis by expanding EV production nationwide. This initiative aligns with Pakistan’s National Electric Vehicles Policy 2019 targets for 2030 and 2040.
The government of Pakistan set ambitious targets in 2019 as per the National Electric Vehicles Policy (NEVP):
- 30 percent of all passenger vehicle and heavy-duty truck sales would be comprised of EVs by 2030 and 90 percent by 2040.
- 50 percent of new sales of buses and two- and three-wheelers would be electric by 2030 and 90 percent by 2040.
- The local EV production failure was highlighted by the Senate Standing Committee that only 60,000 EVs were locally produced rather than the target of 600,000.
To escalate local EV production, the government has granted licenses to 55 manufacturers for two- and three-wheelers and two manufacturers for the assembly of four-wheelers.
There are also plans to establish charging stations with fast chargers and battery-swapping stations. One EV zone is also expected to be established in each province including Islamabad.
The new EV policy includes exemption from registration fees, annual token fees, and toll taxes. In addition to that 45% reduction in power tariff for EV charging station operators is also expected to be implemented by the end of February.
In order to promote EVs and reduce the country’s dependence upon petroleum, govt plans to convert one million two-wheelers to electric bikes at the cost of 40,000 rupees per bike, saving $165 million of fuel import cost annually as Pakistan’s consumption of petroleum is $5 billion annually.
Pakistan government’s initiatives to expand local EV production and additional policies for EV promotion are the basis for a greener and cleaner transport system. In addition to that these policies combat the climate crisis and align with sustainable development goals
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The govt aims to boost green transportation and combat the climate crisis by expanding EV production nationwide.
