The draft for Pakistan's new five-year Energy Vehicle Policy (2025–30) has been finalised, with an official announcement set for November 30.
According to policy documents, the government aims to revolutionize the automotive sector by promoting electric and low-emission vehicles, offering substantial investment incentives to attract stakeholders.
The government, in collaboration with the Securities and Exchange Commission of Pakistan (SECP), will establish a roadmap for effective implementation.
– Electric Vehicle Goals –
By 2030, 30 per cent of vehicles on Pakistan's roads will be electric. Aiming for 90% electric vehicles by 2040. A 100% electric vehicle fleet target has been set for 2050.
– Zero-Emission Plan –
The country is having a plan to achieve a 100 per cent low-emission vehicle fleet by 2060.
– Special Provisions –
Special Technology Zones (STZs) will allocate a 20% quota for electric vehicles.
Companies investing in EV production will receive land on a 50-year concessional lease.
Rs3billion in investment incentives are planned during the first five years.
– Customs Duty Adjustments –
A nominal one per cent customs duty on specific imported EV parts.
A proposed 15 per cent customs duty on non-localised parts.
