KARACHI: Pakistan’s electric vehicle (EV) industry is gaining traction under the Automotive Industry Development and Export Policy 2021-2026, with 57 manufacturers now licensed to produce electric two- and three-wheelers. Backed by fiscal incentives, tax exemptions, and lower charging tariffs, the sector aligns with the government’s ‘Clean Green Pakistan’ and ‘Make in Pakistan’ visions.
According to the Economic Survey FY2025, 13 new manufacturing certificates were issued this year alone, with EV production hitting 32,923 units — bringing total output since FY2022 to 76,979 units.
While the broader auto industry posted healthy growth between 29% and 88%, a notable 35% decline in tractor production (down to 23,581 units) tempered the overall momentum. Regulatory hurdles continue to constrain the sector’s full supply-demand potential despite its promising outlook.
