Local Production of Electrical Vehicles in progress
The local production of the electric vehicle shall start in auto manufacturing sector.
Malik Amin Aslam said electric vehicle (EV) policy would focus on local manufacturing of vehicles with a made-in-Pakistan tagline.
Amin Aslam said a budget will be granted to the local production of the electric vehicle to the auto manufacturing sector.
The Ministry of Industry and Production attended the meeting, Ministry of Finance, Auto Industry Development Committee (AIDC), Pakistan Auto Parts Manufacturers Association (Papaam), Engineering Development Board (EDB).
The meeting held to finalize the modalities regarding two and three-wheelers import, manufacturing of framework, and parts. And send them to the Economic Coordination Committee (ECC) for approval.
The prime minister’s adviser said that the benefits of electric vehicle arrival are downfall in emissions, reduction in fuel import bill. It will help in enabling the localization of Electrical Vehicle manufacturing.
“It would enable Pakistan to become part of the global value chain of EV manufacturing,” he said.
Participants asked for further consultations with associates as they want to know, standard, and efficiency of EV vehicle.
A subcommittee will do a draft of infrastructure and finalization for the ECC for two and three-wheeler electric vehicles
The Ministry of Industries and Production will discuss the proposed budget with AIDC and Papaam. They must show their input for two and three-wheelers within a week and four-wheelers within 15 days.
Pakistan is the second country in the region to formulate and approve its EV Policy.
Pakistan Engineering Council (PEC) advised capacity-building through an arrangement of technical training programs of skilled workers working in the auto manufacturing sector.
PEC proposed the critical components of EV development skills within the training programs. The current EV manufacturers and new entrants will have incentives.
Federal Board of Revenue proposed 10percent Custom duty on several electric vehicles.