Pakistan's EV policy is COMING SOON: What does it mean for the country's automotive sector?

The Federal Minister for Industries and Production, Hammad Azhar, recently took to Twitter and shared that the four-wheel electric vehicles (EV) policy is coming soon. He revealed that currently, the system is in the works. Once it is completed after consultation with the Ministries of Climate Change and Science & Tech, the proposal will be presented before the cabinet.

In his Twitter statement, Hammad Azhar informed:

The Engineering Development Board is working in collaboration with the Ministry of Industries to review the automotive sector\’s prevalent policy. Both the entities are exploring options to help mitigate the practice where the automakers charge a premium due to overbooking of vehicles.

In other news, a twitter user questioned the Federal Minister for Science and Technology, Fawad Chaudhry, about the failing quality standards in the Pakistani automotive sector. Fawad Chaudhry replied with:

The quality standards for vehicles made in Pakistan have been set. The initial criteria will be submitted to the cabinet for approval within a month. I believe that it is a challenging task. There are many obstacles placed in my way, but I will do what I set out to do.

It should be noted that yesterday, in a press conference, Fawad Chaudhry announced the ambitious steps the government is taking to improve the automotive sector. He said:

The Federal Government will import 120 electric buses before the end of 2020, and the local manufacturing of the electric buses will begin by 2021. A value chain for electric transport will be established in Pakistan, and the battery bus service will be made operational before the end of 2020.

What are your thoughts on this? Please share with us in the comment section below.

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