At least 14 Memorandum of Understandings (MoUs) has been signed between Rahmat Group and various Chinese companies for the launch of electric vehicles in Pakistan. 25 acres of land has been acquired by Rahmat Group for the construction of electric complex at Nooriabad. Initially, electric buses will be launched to knock at the electric transport market of Pakistan. Then in the next stage, a manufacturing plant will be set up to launch electric vehicles and two-wheelers.
Rahmat Group’s Chief Operating Officer Shaukat Qureishi said, “All arrangements have been firmed up with the partners concerning plants, machinery, and equipment.”
An application has been submitted by Rahmat Group to the Board of Investment and Ministry of Industries. Once the application is approved the company will start producing and introducing electric vehicles. As an introduction, CBU units will be imported in the first couple of months.
Chinese companies that have signed the Memorandum of Understandings with Rahmat Group include Haohong Motors, Weifang Shandong Electric Power Technology Co Ltd, Shanghai Shenlong Bus Co Ltd, Wuxi Shengbao Electric Vehicle Co Ltd, Shangdong Leiteng Electric Power Technology Co, Jiangzi Technical Vehicles Manufacturing Co Ltd, Jiangsu Fuan Technologies, Luoyang Xinguang Lithium Science and Technology Co Ltd, Zhehang Shanqi Tianying Vehicle Industries, Yangzhou Daojue New Energy Development Co Ltd, and Base Ningbo Foreign Trade Co Ltd.
Furthermore, it is pertinent to mention here that JAC Motors also announced the launching of electric vehicles in Pakistan.
Recently in budget 2018-19, the government of Pakistan announced some incentives for the automakers. 16% customs duty was exempted from charging stations for electric vehicles. On electric vehicles, the customs duty was reduced to 25% from 50% and 15% RD was exempted. On electric vehicles kits, the customs duty was reduced to 10% from 50%.