The draft for Pakistan’s new five-year Energy Vehicle Policy (2025–30) has been finalised, with an official announcement set for November 30.
ISLAMABAD: According to policy documents, the government aims to revolutionize the automotive sector by promoting electric and low-emission vehicles, offering substantial investment incentives to attract stakeholders.
The government, in collaboration with the Securities and Exchange Commission of Pakistan (SECP), will establish a roadmap for effective implementation.
– Electric Vehicle Goals –
By 2030, 30 per cent of vehicles on Pakistan’s roads will be electric. Aiming for 90% electric vehicles by 2040. A 100% electric vehicle fleet target has been set for 2050.
– Zero-Emission Plan –
The country is having a plan to achieve a 100 per cent low-emission vehicle fleet by 2060.
– Special Provisions –
Special Technology Zones (STZs) will allocate a 20% quota for electric vehicles.
Companies investing in EV production will receive land on a 50-year concessional lease.
Rs3billion in investment incentives are planned during the first five years.
– Customs Duty Adjustments –
A nominal one per cent customs duty on specific imported EV parts.
A proposed 15 per cent customs duty on non-localised parts.
