Pakistan electric vehicle policy has entered a fast-track phase as Prime Minister Shehbaz Sharif directed authorities to speed up the nationwide adoption of electric vehicles to reduce fuel dependency and improve energy security.
Chairing a high-level meeting in Islamabad, the prime minister emphasized that Pakistan electric vehicle policy is essential for cutting fuel import costs and addressing long-term environmental challenges.
Officials briefed the meeting that 72 manufacturing certificates have already been issued for electric motorcycles and rickshaws, while four certifications have been granted for full electric vehicles under the expanding Pakistan electric vehicle policy.
Authorities also reported that 123 applications have been received for setting up EV charging stations across the country, signaling growing private sector interest in the green transport sector.
Under the Pakistan electric vehicle policy, a long-term plan aims to convert 30% of all vehicles in the country to electric power within the next five years, potentially saving up to $4.5 billion in fuel costs.
The government also announced that employees up to Grade 16 will be offered electric bikes on easy installment plans to encourage early adoption of eco-friendly transport.
The prime minister reiterated that Pakistan electric vehicle policy will play a key role in reducing fuel imports, improving environmental conditions, and ensuring energy security, especially in light of regional economic pressures.
