Amin Aslam, the Advisor to the Prime Minister on Climate Change informed that electric Rickshaws and motorcycle factories will be set up in Pakistan under the new policy.
He revealed that Pakistan is planning to save around 2 billion dollars in fuel costs as it shifts to electric vehicles.
The cabinet has formally approved the first electric vehicle policy of Pakistan. He said that as electric vehicles will be incorporated into the consumer market of Pakistan it will help in saving millions in the fuel exports. Also, it will help in bringing down the negative effects caused to the environment due to carbon emissions.
Earlier a Memorandum of Understanding (MoU) was signed between the Minister of Science and Technology Fawad Hussain Chaudhary and CEO of bus hailing service in Islamabad.
The aim is to launch electric battery-powered buses in Pakistan as well as spend 12 billion rupees to expand the transport bus services in Pakistan.
The approval was given to the draft policy of electric motor vehicles in the federal meeting held on November 4th.
The approval was given by the cabinet to the electric motor vehicle policy of Pakistan. The commerce, industry and production ministries were ordered by PM Khan to offer guidance to the federal government for implementing the policy.