Electric vehicle (EV) adoption in Pakistan is set to rise to 30 percent by 2030, 90 percent by 2040, and achieve 100 percent by 2050. The policy also targets a fully zero-emission vehicle fleet by 2060.
According to documents seen by ProPakistani on the draft of the Energy Vehicle Policy 2025-30, the government aims to promote EV manufacturing by allocating 20 percent of special technology zones to the sector. Investors contributing Rs. 3 billion during the policy’s first five years will receive incentives, including concessional land leases for up to 50 years.
The policy outlines customs duties of 1 percent on specific imported parts, while non-local and local parts will be taxed at 15 percent and 45 percent, respectively. For electric scooters and bicycles, customs duties will start at 5 percent in the first year, increasing to 10 percent in the second year and 15 percent in the third year.
Non-local EV parts will follow the same progression, while local EV parts will face duties of 15 percent in the first year and 25 percent in the second year.
To further enhance the EV industry, the government will collaborate with the Securities and Exchange Commission of Pakistan to develop manufacturing strategies.
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govt is just day dreaming now
No cure for delusion
Another trap like CNG that killed businessmen and consumers both……….. After CNG and LNG now introducing EVs. Not more than commission, kick backs and scandals. If sincere, first install charging stations in bulk like other countries and then ask businessmen and consumers to invest