The government has granted licenses to 57 producers of electric vehicles (EVs), denoting a huge move toward the government’s plan to progress to green vehicle arrangements and combat environmental change. The move lines up with Pakistan’s broader goal of accomplishing a cleaner, more sustainable transportation system.
The government’s National Electric Vehicles Policy (NEVP), approved in 2019, sets ambitious targets for the EV sector. By 2030, the approach aims for electric vehicles to account for 30% of all passenger vehicles and heavy-duty sales, with a significantly more ambitious target of 90% by 2040.
The strategy also focuses on two three-wheelers, as well as buses, aiming for 50% of new sales to be electric by 2030 and 90% by 2040.
Development of Charging Infrastructure
To support the developing EV organization, authorities are dealing with setting up charging stations, including quick chargers and battery-swapping facilities, as indicated by Radio Pakistan.
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Alongside production efforts, the government is offering motivating forces to make EVs more interesting to buyers. These incorporate free enlistment, exemption from annual token fees, and toll tax waivers. Furthermore, plans are set up to make exceptional electric vehicle zones in each region, including Islamabad, to speed up adoption.
However, despite these drives, EV creation has been slower than expected. A Senate Standing Committee recently brought up that toward the end of 2024, just 60,000 EVs had been created in Pakistan — far below the objective of 600,000.
To boost demand, the government has decreased the power duty for EV charging stations by 45%. The expense per unit has dropped from Rs. 71.10 ($0.14) to Rs. 39.70, with implementation expected by February’s end. Authorities also project that investors in the EV sector could see returns surpassing 20%.