Report by Engineering Post
Finalization of the country’s second electric vehicle (EV) policy has been delayed by the Engineering Development Board of the Federal Government as this was not launched by November 30, 2024 as per announcement in this regard.
There has been no further announcement as to when the new EV Policy is going to be announced and launched.
This initiative has come after the first EV policy somehow failed to attract the expected investment and production in the new EV sector.
Though it was not immediately known as to when the EV Policy was now going to be launched but there were reports that the federal government plans to establish as many as ten thousand charging stations all over the country by 2030.
According to some indications the Engineering Development Board was planning a long-term policy possibly spanning over 40 years for instilling the investors confidence.
Despite the fact that the car and motorcycle manufacturers were offered incentives on importing the essentially required parts, the first policy did not yield the desired results.
Meanwhile Pakistan Institute of Development Economics (PIDE) has come out with sweeping reforms for turbocharging the Pakistan ‘s EV industry outlining key policy intervention for accelerating the adoption of electric vehicles (EVs) and propelling towards a low -carbon future. The Think Tank in its recommendations for the upcoming electric vehicle ( EV) policy has identified priority areas in its recommendations which included Technology Transfer, Global Value Chain integration, Export Oriented Production and Upfront Cost.
Furthermore, Pakistan has signed a partnership agreement with a leading Chinese company to invest US$ 350 million in the establishment of up to 3000 Electric Vehicle (EV) charging stations across the country. According to the information from the relevant quarters, the charging stations will be strategically located along the motorways connecting Peshawar to Karachi.
