Pakistan plans to transition 30% of transport to electric vehicles by 2030

Pakistan's government has announced a plan to transition 30% of its transportation to electric vehicles (EVs) by 2030. This initiative aims to reduce environmental impact and fuel costs, focusing on two-wheelers, three-wheelers, and four-wheelers. The government will introduce a new EV policy for 2025-2030, emphasizing incentives and affordable pricing. Currently, two licenses for EV manufacturing have been issued, with 31 investors seeking licenses. Dewan Motors has launched an EV and plans to expand its offerings. To support this shift, the government has allocated Rs4 billion for subsidies on two- and three-wheelers. Motorcycles will receive a Rs50,000 subsidy, while three-wheelers will get Rs200,000. The policy was developed with input from various stakeholders, including manufacturers and provincial representatives.