[DETAILS] What will be the price of an Alto-like EV in Pakistan?
All you need to know!
The government of Pakistan recently formulated an Electric Vehicle (EV) Policy as part of its global effort to reduce climate change. The policy will help expedite the conversion of the Pakistani transport sector from conventional fuel power to using electric power.
Under the new policy, many incentives on duties and taxes have been introduced for automakers. These incentives will help car companies in setting up local manufacturing and assembly plants.
The policy aims to transform 30 percent of all vehicles in Pakistan into an electric powertrain by 2030.
Furthering the government’s initiative to convert fuel power to electric power, the CEO of EV Technologies Consultant, Shaukat Qureshi, reported:
The purchase of an EV City car similar to the Suzuki Alto for around Rs. 1.2 million will be possible under the duties and tax regime that has been made to complement the EV policy.
As a representative of the SZS Group, the company that is assembling electric buses for Pakistan with POF Wah, Shaukat Qureshi further added:
The switching of cars to electric power will reduce carbon emissions to result in a positive climate change and will lower the import of dollar bills.
Adding some research statistics to his claim, Qureshi remarked:
A recent study by my company showed that a motorcyclist switching to an EV motorbike would save Rs. 4,000 on fuel. Likewise, an electric car user can save up to Rs. 25,000. And the EV commercial transportation companies can save between Rs. 600,000 and Rs. 900,000 every month.
The numbers put forward by Shaukat Qureshi do seem attractive, but are they for real? Can Pakistan really reduce the overall cost by fuel to electric conversion while countries like the USA, the UK, and Europe are still struggling to reduce the development cost of EVs only?
In the regions mentioned above, the cheapest EVs with developed charging infrastructure and automotive market cost upwards of $20,000 or Rs. 3.2 million. Considering this price, is it possible for Pakistan to cut costs by shifting towards electrically powered transport?
Sources speculate that Pakistan can promise a reduction in overall cost by reducing the EV development costs. However, a low price product may mean poor quality EV, which will extend minimal benefits to the country.
What are your thoughts on this? Please share with us in the comment section below.