Pakistan is working toward transitioning at least 30% of its vehicles to electric power by 2030.
New regulations are being put in place for the promotion of Electric Vehicle (EV) Charging Stations and the EV industry, with the facilitation of the Special Investment Facilitation Council (SIFC).
The government’s plan includes not only manufacturing electric vehicles and motorcycles but also setting up the necessary infrastructure, including charging stations.
Prime Minister Muhammad Shehbaz Sharif has announced a 44% reduction in electricity rates for EV charging stations.
Additionally, the 15-day registration process for charging stations aims to attract both domestic and foreign investors.
As part of a major initiative, the government is working on converting ten million motorcycles to electric vehicles, which could save the country six billion dollars annually.
This move will also support the local industry and reduce the need for imported fuel.
The establishment of EV infrastructure is also expected to benefit the environment by cutting down on carbon emissions.
Earlier, during a Senate session, Minister for Law Azam Nazeer Tarar shared that 30 electric buses had been imported from China and are now stationed at the Jinnah Convention Center in Islamabad, where advanced charging facilities have been set up.
