Pakistan has approved its first ever Electric Vehicle (EV) policy which implies that vehicles are to be shifted on electric power now, as informed by the Federal Minister for Science Technology Fawad Chaudhry.
Pakistan first ever Electric Vehicle (EV) policy has been approved which implies that vehicles are to be shifted on electric power now, as informed by the Federal Minister for Science Technology Fawad Chaudhry.
The minister said that Pakistan will soon accomplish the prestige and honor of being included in the list of those countries, which are running vehicles on electricity.
It is decided that the motorcycles and vehicles would be shifted on electric power, while some EV Manufacturing Units would also be established in the country.
Fawad Chaudhry also said that there would be merely one per cent duty on the establishment of EV’s Manufacturing Units in Pakistan, as it is clear from the words of the minister: “Ministry of Science and Technology is working to policy to shift vehicles on battery in future.”
The new policy was passed by the Economic Coordination Committee (ECC), yesterday, which was collectively formulated by the Ministry of Industries & Production, Ministry of Science and Technology and Ministry of Climate Change.
The policy mainly deals with the two-wheeler and three-wheeler vehicles only that is motorbikes and auto-rickshaws respectively, and is aimed at lowering tariffs and taxes. Though the similar policy for the four-wheeler vehicles that are cars, buses, trucks and others is expected to be approved in the next meeting to be held.