Pakistan is working towards making 30% of its vehicles electric by 2030, with new policies designed to support this transition. To encourage investment in electric vehicles (EVs) and charging infrastructure, Prime Minister Shehbaz Sharif has announced a significant reduction in electricity costs for EV charging stations. The new policy cuts electricity rates for these stations by 44%, making it cheaper to charge electric vehicles and boosting confidence among investors.
In addition, the government has introduced a fast-track registration system for EV charging stations. Under this initiative, businesses can get their charging stations registered within just 15 days. This move is aimed at attracting both local and international investors, making it easier and quicker for them to set up charging facilities across the country.
One of the major goals of this plan is to convert 10 million traditional fuel-powered motorcycles into electric motorcycles. If successful, this shift could save Pakistan around $6 billion every year by cutting down fuel imports. This would not only reduce the country’s reliance on expensive fossil fuels but also help improve the environment by lowering harmful emissions.
This entire effort is being driven by the Special Investment Facilitation Council (SIFC), a government body focused on bringing investment into key sectors. By promoting local manufacturing of electric vehicles and charging infrastructure, the government hopes to create jobs, support sustainable development, and contribute to Pakistan’s long-term clean energy goals.
With these steps, Pakistan is positioning itself as a forward-thinking country in the global shift toward electric mobility, aiming for a greener and more sustainable future.
