Pakistan Unveils New Electric Vehicle Policy 2025

The government’s new Electric Vehicles Policy 2025, which is designed for a period of 5 years, has been unveiled.

According to the details, implementing the policy will eliminate the import of 2.7 billion liters of petrol, Pakistan will save one billion dollars in annual oil imports, a subsidy of 9 billion has been allocated for e-bikes and rickshaws in the next fiscal year’s budget, and more than 116,000 e-bikes and 3,171 rickshaws will be subsidized.

Earlier, National Electric Vehicle Policy (NEVP), Government is intended to implement by next month  in spite the aversions of the auto industry. Inter-ministerial meeting to discuss the policy was called today in Islamabad by the Ministry of Climate Change (MoCC) , which had been approved by the federal cabinet on November 5.

The MoCC has told the relevant departments and ministries that the “NEVP needs to be operational by January 2020 by validation of incentive packages through the Economic Coordination Committee (ECC).”

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Prime Minister Imran Khan has already announced early implementation of NEVP, especially for two- and three-wheelers as well as buses for public transport in order to prevent smog.

This committee would be responsible for overseeing all issues related to the entire electric vehicle value chain in order to smoothly introduce and coordinate efforts towards local manufacturing.