Pakistan to Unveil Comprehensive Electric Vehicle Policy By November 30

Islamabad: Pakistan is preparing to announce a major new Electric Vehicle Policy on November 30, 2024, as part of its commitment to advancing eco-friendly transportation and reducing the nation’s carbon footprint. This policy, which builds upon previous EV initiatives, targets the establishment of 10,000 EV charging stations across the country by 2030, significantly boosting Pakistan’s efforts to transition toward sustainable mobility.
Aims of Upcoming Pakitan’s EV Policy
Minister for Industries and Production Rana Tanveer Hussain, speaking at an electric bike exhibition organized by the Engineering Development Board (EDB), emphasized the government’s resolve to promote green transportation. The minister remarked that the policy would position Pakistan as a regional hub for electric mobility, noting the increasing interest in EV manufacturing among local companies. Already, 31 companies have expressed interest in Pakistan’s EV market, with two firms approved to commence local EV production. This marks a promising shift toward electrified transportation in Pakistan. The Govt plans to revamp the existing policy introduced in 2020.

Ambitious Infrastructure Goals of Electric Vehicle Policy
The new policy’s long-term vision includes deploying 10,000 EV charging stations by 2030, covering highways, motorways, and key urban centers. In its initial phase, 40 charging stations will be set up along major motorways, with a further expansion of up to 300 facilities planned along other highways and critical locations.
Support for Local Manufacturing and Exports
Under the new policy, Pakistan has begun exporting electric three-wheelers, showcasing its growing capability in EV production. Since 2022, 49 licenses for two- and three-wheeler manufacturing have been issued, with a production capacity reaching 4 million units per year. Additionally, the first license for four-wheeler EV manufacturing was granted, and production is expected to begin by the end of 2024.
Incentives and Subsidies for EV Adoption
To further accelerate EV adoption, the government has allocated Rs4 billion for electric motorcycles, offering subsidies to make two-wheelers more affordable. Additionally, the policy includes a unique incentive program to distribute 100 electric bikes to high-achieving students through a transparent bidding process, supporting the adoption of clean transportation among the youth.
Strategic Steering Committee to Oversee Implementation
A dedicated steering committee, comprising federal ministers, industry leaders, and environmental experts, has been established to guide policy implementation. The committee will oversee initiatives such as reducing tariffs on EV charging stations, formulating public awareness campaigns, and collaborating with provincial governments to ensure seamless policy rollout.
Moving Towards a Green Economy
Minister Hussain underlined that this shift toward electric vehicles aligns with Pakistan’s broader climate goals. The policy includes specific recommendations for reducing fossil fuel dependency, fostering a green economy, and enabling Pakistan’s transportation sector to contribute meaningfully to carbon emission reductions. The Punjab government has also joined the initiative, promoting electric two- and three-wheelers within the province, further expanding the EV market.
Aiming for a Sustainable Future
With the new EV policy Pakistan set to drive significant investment and local production, Pakistan is making strides toward a cleaner, greener economy. The government’s support of private sector involvement, coupled with substantial public awareness efforts, aims to make electric vehicles a mainstream choice. As EV infrastructure expands and the market matures, this initiative is poised to reshape Pakistan’s transportation sector, offering both economic and environmental benefits for a sustainable future.
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