Hammad Azhar Announces Expected Timeline, Details of Pakistan’s First-ever Electric Vehicle Policy

The Minister revealed that the government is prepared to protect the automobile industry, including tariffs for the sector.

2

The government is all set to announce the electrical vehicle policy for four-wheelers within the next 2 to 3 weeks. The government has already announced the EV policy for two-wheelers and three-wheelers.

During a virtual press meet on Wednesday, the Federal Minister for Industries and Production, Hammad Azhar, said, “The Electrical Vehicle policy, which I will be introducing within the next 2 to 3 weeks, will also address some of the issues in the automobile industry.”

“However, for overall measures, we have to wait until June. I think that is also an advantage for the government since we will have some time to prepare ourselves and get informed about the challenges and opportunities of this sector.”

The Minister added that the manufacturing and assembly of smartphones and feature phones have increased in Pakistan in the past year. Moreover, automobile manufacturers have been interested in either setting up new plants or expanding their existing plants in Pakistan.

He also stated that many automobile companies that are not yet operating in Pakistan have also shown interest in beginning productions in the country.

Toyota Pakistan has started its third-shift for production while Kia has doubled its capacity in the country, said Azhar.

The Minister revealed that the government is prepared to protect the automobile industry, including tariffs for the sector.

Responding to a question regarding new companies and whether they would manufacture cars in Pakistan or merely establish assembly plants, the Minister clarified, “In the beginning, they will have assembling operations, but since their tariff concessions expire after ten years, then it is viable for them to begin localized production as well.”

What are your views on this? Share with us in the comments below.


  • Featured Content⭐


    Most viewed in last 24 hours


    24 گھنٹوں کے دوران 🔥


    >