Pakistan introduces subsidies for EV infrastructure

Pakistan has introduced new rules and regulations to promote EV charging stations and the wider EV industry. The government aims to have 30% of the country’s vehicles running on electric power by 2030.

Image: Pixabay/Syed Wasiq Shah

In order to achieve a 30 per cent EV rate by 2030, the government plans to boost infrastructure development, as well as electric car and motorcycle production, and charging networks.

To help boost EV charging infrastructure, Pakistan’s Prime Minister Shehbaz Sharif announced a 44% reduction in electricity rates for EV charging stations. Additionally, the government has introduced a fifteen-day fast-track registration process for charging stations.

Furthermore, Pakistan plans to convert ten million motorcycles to electric, a shift, that the Pakistani government estimates could save the country $6 billion per year by reducing fuel imports. The report does not mention what kind of subsidies or grants are envisioned to help achieve this, however.

In September last year, the Pakistani companies Malik Enterprises and Indus Valley announced a cooperation with the Chinese investment firm ADM Group to install 3,000 charging stations in the country. The Chinese EV giant BYD also announced plans to build a factory in Pakistan in the summer of 2024, a move which the ADM Group has already made.

dailytimes.com.pk