ISLAMABAD: The government has introduced the New Energy Vehicles Policy 2025-30 to promote electric vehicles in the country, with subsidies for electric two-wheelers and three-wheelers and plans to expand charging infrastructure by 2030, ARY News reported.
Details of the government’s measures to promote electric vehicles were presented during the question hour in the National Assembly.
Under the proposed policy, a subsidy of Rs80,000 has been proposed for electric two-wheelers, while electric three-wheelers will be eligible for a proposed subsidy of Rs400,000.
The government has set a target of establishing around 3,000 public charging stations across the country by 2030. It also plans to establish 40 fast-charging stations at selected sections of motorways and the N-5 National Highway.
The policy focuses on local manufacturing of electric vehicles and their components, along with the transfer of technology. The government plans to increase domestic production of electric motors, battery packs and chargers to reduce reliance on imports.
Measures are also planned to encourage the installation of electric vehicle charging stations at existing petrol pumps.
The government will promote financial assistance, easier financing and local manufacturing to make electric vehicles more affordable.
Work is also underway to develop a comprehensive system for recycling used batteries and disposing of them in an environmentally friendly manner.
Pakistan approves new auto policy
Earlier, Prime Minister Shehbaz Sharif approved a five-year auto policy aimed at increasing local production, boosting exports and improving competition in Pakistan’s automotive sector.
According to the policy document, the government has set a target of increasing vehicle exports to $6 billion. The policy also includes measures to increase the production of locally manufactured auto parts, improve technology and gradually reduce import duties on vehicles.
The government has rejected the International Monetary Fund’s (IMF) proposal to increase sales tax on electric vehicles (EVs) to 18 per cent.
However, the policy proposes a 10 per cent federal excise duty on electric vehicles valued at more than $75,000.