The draft for Pakistan’s upcoming five-year Energy Vehicle Policy (2025–30) has been completed, with an official announcement scheduled for November 30.
As per the policy documents, the government intends to transform the automotive industry by encouraging electric and low-emission vehicles, providing significant investment incentives to attract interested parties.
In partnership with the Securities and Exchange Commission of Pakistan (SECP), the government will develop a roadmap for effective execution.
– Electric Vehicle Objectives –
By 2030, it is projected that 30% of vehicles on Pakistan’s roads will be electric. The goal is to have 90% electric vehicles by 2040, and a target of a completely electric vehicle fleet by 2050 has also been established.
– Zero-Emission Strategy –
The nation has devised a plan to attain a fully low-emission vehicle fleet by 2060.
– Special Provisions –
Special Technology Zones (STZs) will reserve a 20% quota for electric vehicles.
Businesses investing in electric vehicle production will be granted land on a concessional lease for 50 years.
An investment incentive of Rs3 billion is anticipated during the first five years.
– Customs Duty Modifications –
There will be a minimal one percent customs duty on certain imported electric vehicle parts.
A proposed 15 percent customs duty is planned for non-localized parts.
