Pakistan’s Electric Vehicle Sector Gains Momentum with Government Efforts

With the special efforts of the Special Investment Facilitation Council (SIFC), Pakistan’s electric vehicle (EV) sector is on the path to growth. Numerous manufacturers have been granted licenses for assembling electric vehicles.

Thanks to SIFC’s initiatives, the government is working on adopting a new EV charging infrastructure policy, promoting its expansion, and enhancing local production. The government has issued licenses to 55 manufacturers for assembling 2- and 3-wheeler electric vehicles, while two licenses have been granted for assembling 4-wheeler EVs. The government is also considering plans to establish charging stations, including fast chargers and battery swapping stations.

Under the new policy, standards for charging ports have been set, and the licensing process has been simplified. It is now mandatory to install charging infrastructure in new buildings. Manufacturers are also offered free registration, exemption from annual token fees, and toll taxes.

The development of the EV sector is expected to result in savings of up to 3 billion USD by reducing oil imports by 2030. The strategy also aims to promote the local manufacturing of batteries, motors, and key electric vehicle components. Additionally, the inclusion of electric buses in BRT and metro bus routes is a major part of the plan.