Pakistan’s automobile industry is entering a new era as multi-billion-dollar investments flow into the electric vehicle (EV) sector.
According to sources, the Auto Policy 2021-26 has opened new avenues for investment, production, and exports, attracting leading international brands to establish manufacturing plants in the country.
Global auto giants, including Hyundai, MG, and Changan, are shifting their focus toward electric technology in Pakistan. The sector already contributes around 7 percent to the national economy, with a consistent upward trend in exports. Industry insiders believe that sustained policies have instilled confidence in global players regarding Pakistan’s market potential.
Chinese electric vehicle leader BYD has announced plans to set up a production plant in Karachi. The facility is expected to commence operations in 2026, with an annual production capacity of 25,000 vehicles. BYD aims to capture 30 to 35 percent of Pakistan’s EV market share, while experts predict that by 2030, nearly 30 percent of vehicles in the country could be electric.
Government initiatives are further accelerating the transition, including a 45 percent reduction in charging tariffs for EVs. Market analysts project that the size of Pakistan’s EV market could triple or quadruple by 2025. In parallel, Pakistan’s export sector has recorded significant achievements, including the export of over 10,000 cars in 2023, marking a 20 percent increase compared to the previous year.
The country is also making strides in related industries. Master Changan made history by exporting cars from Pakistan for the first time. Annual tractor exports to Central Asia and African nations now stand at $40 to $50 million, while battery exports have reached $30 million. Additionally, Pakistan has exported 800,000 tons of raw iron for the first time, and discussions with Russia are underway for the revival of steel mills to enable finished steel exports.
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Completely false. Not only evs are rare . They are mostly bought by rich people.
There are no maintaince or 3rd party mechanics for these cars.
While cars are great but not affordable since the cheapest costs 50 lakh plus. No one has that much money.
Super false claims , as usual government is trying to destroy each and every.industry …
Where is the charging network ? If someone has to go to sone rural part of punjab or sindh as a guest where will he charge the car? Will they ask otbers to let them use their utility and charge it for 10 hrs?
These EVs are only useable in cities or as a second car!!
What good are electric and all those luxury vehicles when our roads are full of pot holes, sink holes, unfinished ultra-stalled projects that have no end in sight and sewage water that fuel the misery of the common man and hopefully the people who can afford the new age vehicles as well? Where do our priorities truly lie? Or are we simply too ignorant to do something about it?
A lot of EV scooties are moving on the road,as compare to EV vehicles.
There is strong need of charging points of all petrol pumps in and around all cities.
Why we are focusing on vehicles only.
No reliable EV as a family car yet available.
A perfect recipe for disaster….complete waste of money & resources. Charging, range anxiety, Fire (thermal run away, extuishing) safety (exploding battery), environmental (battery disposal) nightmare !