KARACHI: The federal government is accelerating its push toward electric mobility through the New Energy Vehicle (NEV) Policy 2025-30, offering tax breaks and setting ambitious targets for job creation and local manufacturing.
At a high-level workshop held in Karachi on Tuesday, officials from the Ministry of Industries and Production, including Additional Secretary Asif Saeed Lughmani and Engineering Development Board (EDB) CEO Khuda Bux Rind, met with stakeholders to advance the NEV roadmap.
Lughmani emphasized that the policy aims to cut oil imports and tackle climate change, stressing Pakistan’s climate vulnerability. “Sustainable, low-emission transport is a national priority,” he said, calling for coordinated implementation between federal and provincial governments.
Under the policy, the government has issued 61 production licenses and aims to localize 90% of EV manufacturing—an initiative projected to generate over 15,000 jobs. Financial incentives include Rs65,000 for electric two-wheelers, Rs400,000 for three-wheelers, and Rs150,000 for four-wheelers. The State Bank of Pakistan will launch green auto-financing schemes, while toll and registration fee exemptions will further ease adoption.
The NEV policy targets 30% EV penetration by 2030, supported by 3,000 new EV charging stations nationwide. Rind reaffirmed the EDB’s commitment to building a robust EV ecosystem, noting the policy could save \$1 billion and two billion litres of fuel annually once fully implemented.
