Pakistan launches new policy to shift 30% of vehicles to electric by 2030

The Pakistani government has announced a New Energy Vehicle (NEV) policy to transition 30% of new vehicles to electric power by 2030. The policy includes subsidies of Rs50,000 for electric bikes and Rs200,000 for rickshaws, with a total budget of Rs4 billion. The Pakistan Automotive Manufacturers Association (PAMA) has raised concerns about the policy's impact on the local auto industry, particularly regarding the import of fully built units at reduced duties. PAMA suggests that these imports should be limited to companies with local manufacturing capabilities. Additionally, the government plans to establish 3,000 charging stations by 2030 and has introduced financing options for consumers. The policy aims to reduce reliance on imported fuel and promote local manufacturing of electric vehicles.