Pakistan accelerates EV growth with SIFC support emphasizing growth and sustainability.
Pakistan’s electric vehicle (EV) sector is progressing with the support of the Special Investment Facilitation Council, emphasizing sustainability, environmental benefits, and efficient energy consumption through the introduction of an EV Policy.
The government is developing a new EV Charging Infrastructure Policy, encouraging IT integration and boosting local production. So far, 55 manufacturers have been licensed for two- and three-wheeled EVs, while two companies have received permits for assembling four-wheeled vehicles.
Plans are underway to establish EV charging stations, including fast chargers and battery-swapping facilities. New standards for charging ports and streamlined licensing procedures are being introduced, and installing EV charging infrastructure in new buildings has become mandatory.
The EV Policy provides various incentives, such as free registration, exemption from annual token fees, and relief from toll taxes.
By 2030, the policy aims to cut oil imports by $3 billion, promote local manufacturing of EV components like batteries and motors, and introduce electric buses for BRT and Metro routes.
The initiative also seeks to set up at least one dedicated EV zone in each province, including Islamabad.
Related Posts
SIFC conducts China Pakistan business conference
