EV Policy 2025: Pakistan’s plan to reduce fuel imports, support green transportation, and foster local industry development.
Up to 2.7 billion liters of gasoline are anticipated to be saved annually by the five-year policy, which is a component of the larger green energy transition. This translates into an annual savings of $1 billion on oil imports.
The government has set aside Rs9 billion in subsidies for electric bikes and rickshaws in the budget for the upcoming fiscal year as part of a significant effort to encourage electric mobility among the general public. As per official statistics:
The subsidy will help 3,171 e-rickshaws and more than 116,000 e-bikes.
Over time, it is anticipated that the sector will receive a total of Rs100 billion in subsidies.
In an effort to guarantee gender inclusivity in sustainable transportation projects, a 25% quota has been set aside for women.
According to officials, the money for the subsidies will come from taxes placed on older cars, which are generally more polluting and less fuel-efficient.
The government is working to localize 90% of electric bikes and rickshaws as part of the EV policy, which also aims to boost Pakistan’s domestic electric vehicle sector. It is anticipated that this action will boost innovation in the auto manufacturing industry, create jobs, and lower expenses.
The government intends to construct 40 charging stations nationwide in the first phase in order to accommodate the increasing number of EVs.
Prime Minister Shehbaz Sharif gave authorities instructions a few days ago to act quickly to encourage the production and uptake of electric vehicles (EVs) in Pakistan, including electric buses, cars, motorcycles, and scooters.
