Pakistan has introduced new rules and regulations to promote electric vehicle load stations (EV) and the EV industry in general, with the support of the Special Investment Facilitation Council (SIFC), authorities said Sunday.
The Government aims to have 30% of the country’s vehicles that work with electricity by 2030, a measure is expected to increase infrastructure development, including manufacturing networks, motorcycle and load production.
Prime Minister Shehbaz Sharif announced a 44% reduction in electricity rates for EV collection stations, a measure aimed at encouraging investment in the sector.
In addition, the Government has introduced a quick route registration process of fifteen days for cargo stations, which is expected to attract national and foreign investors.
As part of a broader initiative, Pakistan plans to convert ten million motorcycles to electricity, a change that could save the country $ 6 billion annually by reducing fuel imports.
The authorities say that the adoption of EV will also strengthen the local manufacturing industry while reducing carbon emissions and improves environmental conditions.
The establishment of the EV infrastructure marks a significant step in the transition of clean energy of Pakistan, with the political leaders who bank the economic and environmental benefits in the long term.
