Pakistan has introduced new rules and regulations to promote electric vehicles (EV) charging stations and the wider EV industry with the support of Special Investment Facilitation Council (SIFC), officials said Sunday.
The government aims to have 30% of the country’s vehicles running on electric power by 2030, a step that is expected to increase infrastructure development, including EV manufacturing, motorcycle production and charging networks.
Prime Minister Shehbaz Sharif announced a 44% reduction in electricity rates for EV charging stations, a measure intended to encourage investment in the sector.
In addition, the government has introduced a fifteen-day fast-track registration process for charging stations that are expected to attract both domestic and foreign investors.
As part of a wider initiative, Pakistan plans to convert ten million motorcycles to Electric, a shift that could save the country $ 6 billion annually by reducing fuel imports.
Officials say that EV -admission will also strengthen the local manufacturing industry while cutting carbon emissions and improving environmental conditions.
The creation of EV infrastructure marks a significant step in Pakistan’s transition to pure energy with politicians knocking on long-term economic and environmental benefits.
