Tag: Electric Vehicle

Govt Targets 2.2 Million Electric Vehicles on Roads by 2030 to Curb Smog, Cut Fuel Imports

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Electric-Vehicle

ISLAMABAD: The government plans to have 2.2 million Electric Vehicles (EVs) operating on Pakistan’s roads by 2030 as part of a broader strategy to combat climate change, reduce smog—particularly in Punjab—and cut the annual petroleum import bill by at least \$1 billion. This was revealed by Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, during a meeting with representatives of the Car Dealers Importers Association on Tuesday. Khan said the upcoming Auto Policy 2026 would facilitate the import of used and electric vehicles, aiming…

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EV Industry Pushes for Policy Reforms to Boost Adoption in Pakistan

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Electric-Vehicle

KARACHI: Electric vehicle (EV) motorbike assemblers and dealers in Pakistan are urging the federal government and the Engineering Development Board (EDB) to adopt critical policy reforms under the upcoming New Energy Vehicle (NEV) policy. Their charter of demands includes tax exemptions, free registration for customers, accessible financing options, and localisation incentives to reduce costs and accelerate growth in the NEV sector. With nearly 40 EV motorbike brands entering the market and monthly sales reaching 3,000 units, the government aims to increase EV bike market share to 30%, targeting 500,000 units…

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Pakistan to Establish 10,000 EV Charging Stations by 2030 in Push for Sustainable Transport

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electric-vehicles

ISLAMABAD: Federal Minister for Industries and Production Rana Tanveer Hussain announced Pakistan’s plan to set up 10,000 electric vehicle (EV) charging stations nationwide by 2030. This initiative aims to reduce fuel imports, lower carbon emissions, and support eco-friendly transportation. Speaking at an exhibition by the Engineering Development Board (EDB), Hussain highlighted Pakistan’s shift to EVs, sharing that 31 companies have shown interest in the sector, with two already licensed to manufacture electric vehicles. He revealed that the second EV policy, expected by November 30, will enhance the framework set by…

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Hubco Subsidiary Partners with BYD to Introduce EVs in Pakistan

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electric-vehicles

KARACHI: Mega Motor Company, a subsidiary of Hub Power Company Ltd (Hubco), is set to enter the electric vehicle (EV) market in Pakistan in collaboration with Chinese EV giant BYD Auto Industry Company Limited. Hubco announced in a notification to the PSX on Friday, “Hub Power Holdings Limited, a wholly-owned subsidiary of Hub Power Company Limited, through its associated company, Mega Motor Company (Private) Limited, is entering into a new line of business in electric vehicles with BYD Auto Industry Company Limited in Pakistan.” The venture will include the execution…

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Pakistan Issues 34 Licences for Electric Vehicle Manufacturing

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electrical-vehicles

Islamabad: The Engineering Development Board (EDB) has granted 34 licences to manufacturers of two- and three-wheelers under Pakistan’s Electric Vehicles Policy for 2020-2025, signaling a significant step towards transitioning from traditional fuel-powered vehicles to electric ones. During a webinar at the Sustainable Development Policy Institute (SDPI) titled “Pakistan’s Electric Vehicle Market: Challenges, Opportunities, and the 2030 Agenda”, Asim Ayaz, a senior EDB official, highlighted private sector involvement in EV manufacturing. He underscored the challenge of financing for customers due to the higher costs of EVs compared to fuel-based vehicles, mainly…

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