Pakistan aims for 30% electric vehicles by 2030, offering incentives but facing industry concerns.

Pakistan plans to release a new Electric Vehicle (EV) policy by the end of November, aiming for 30% of vehicles on the road to be electric by 2030. The government will offer incentives such as subsidies for electric motorcycles and scooters, soft loans, and discounted land leases for investors. The policy also seeks to reduce reliance on imported fuel and promote sustainable energy. However, local auto manufacturers have raised concerns that the policy might harm the domestic auto industry by encouraging imports.

November 20, 2024
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