Here is the Pakistan’s first-ever national EV policy. The target is set for next four years to convert 100,000 cars and 500,000 two and three-wheeler vehicles to EVs. The key objectives of the policy are to offer affordable transportation to the people and to reduce greenhouse gas emissions.
Pakistan’s first-ever national EV policy
The federal cabinet of Pakistan has approved the national Electric Vehicles policy to put check to the effects of climate change and offer affordable transport. In the first phase, the government will focus on converting 30 per cent of total number of vehicles, especially cars and rickshaws, into EVs. The target is set for next four years to convert 100,000 cars and 500,000 two and three-wheeler vehicles to EVs.
Key objectives of the policy
- One of the key objectives of the policy is to offer affordable transportation to the people as the cost of electric vehicles is much lower when compared to the vehicles that are run with petrol, diesel, compressed natural gas (CNG) or other fuels.
- Another major purpose of encouraging EVs is to reduce greenhouse gas emissions.
- To reduce dependence on oil imports which could help to save $2billion.
- To incentivize the local car industry and create jobs.
More than 3,000 CNG stations which have been shut due to gas shortage will be converted to EV charging stations. Pakistan is also planning to set up dedicated electric car manufacturing units in the Special Economic Zones which are being established under the China-Pakistan Economic Corridor (CPEC).
But as the Pakistan faces electricity shortfall, it is planning to generate an excess of 15,000 MW and will make it available in the system by 2025 to spare for EVs.
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