Pakistan becomes second developing country to introduce EV policy – Research Snipers

Pakistan becomes second developing country to introduce EV policy

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The Adviser to Prime Minister on Climate Change Malik Amin Aslam said that Pakistan has become the second developing country in the region to introduce an electric vehicle (EV) policy.

After the second inter-ministerial committee on EV policy, the adviser addressed a press conference in which he refuted the news of EV policy rejection by the Engineering Development Board (EDB) of the Ministry of Industries and Production.

He said that no new policy will be drafted again by the ministry, however the earlier draft that the federal cabinet approved will be revised with few changes incorporating the concerns of the Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM) representatives.

The adviser said, “We want to implement the policy approved by the federal cabinet owing to its huge benefits and increasing competition.”

Aslam stated that there will be 4 main benefits of EV policy and EVs will operate on 70% less costs in comparison to its fuel-based counterpart.

He said, “There are many opportunities for Pakistan under the EV industry as it would help reduce the import of oil and help save around $1 billion whereas 70% air pollution would be curtailed through EVs. The transport sector is consuming most of the fossil fuels being imported and generating a major chunk of air pollution.”

Adding, “The policy has the vision to promote ‘Made in Pakistan’ EVs where indigenous production can be promoted to make the country an exporting hub of EVs in the region,” he added. “Today’s meeting has decided to give incentives to two and three wheeler (automobiles) comprising of rickshaws, motorcycles and buses whereas the automobile manufacturers are raising concerns over four-wheeler cars. We have given them 15 days to submit their output to be incorporated in to the policy.”

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