The Engineering Development Board (EDB) has shared the draft of Electric Vehicle (EV) policy 2020-25 amongst stakeholders. This policy will provide an incentive structure that is suitable for establishment of local manufacturing capabilities of EV within the country.
The multi-faceted transport industry of Pakistan demands that separate interventions be proposed for 2-3 wheelers, 4-wheelers, trucks and buses.
Incentives for electric scooty, electric motorcycles, rickshaws and loaders, cars, buses and trucks will be considered in this policy document which will become essential part of the Automotive Development Policy (ADP-2016-21).
The prevailing practice is that governments provide incentives and tax breaks to EV manufacturers as well as users but at this stage Pakistan might not be able to provide subsidies directly. The proposals in the policy are aimed at reduction in duties and taxes on components not being manufactured locally. These incentives will also be available for hybrid as well as other fuel efficient and environmental friendly technologies.
