In December, the first locally developed four-wheeled electric cars in Pakistan is expected to go on sale. During an EV usage conference conducted by Prime Minister Shahbaz Sharif on Saturday the development was disclosed.
It was announced during the conference that as of 2022, 25 companies had begun producing two- and three-wheeled EVs, and up till now, 49 licenses have been granted for local production of these cars, according to the statement of government.
It was said in a statement, “The first license for the domestic production of four-wheeled electric vehicles was issued in September 2024, and the first electric car will hit the market in December this year.”
In Pakistan, with great potential to change automotive scene of the country, EV sales are on rise and have become a rapidly expanding industry.
Dewan Farooque Motors Limited (DFML) announced its shareholders on Tuesday after approval from the Engineering Development Board (EDB), it had started producing electric vehicles (EVs) at its assembly plant.
Chinese electric vehicle giant BYD also publicized its entry into the country last month making the South Asia one of its new markets with nearly 250 million people.
In the meantime, during the meeting, PM Shehbaz instructed the pertinent authorities to submit a detailed financial model for locally produced electric cars in Pakistan.
He stated that by using less gasoline and diesel, electric cars would not only save substantial foreign money but will also be more environmentally friendly.
The Pm not only asked for better licensing laws pertaining to EV production in Pakistan but also ordered that the electric vehicles policy be completed by November, according to the statement.
According to the statement of PM, “Necessary deliberation should be held with all provinces, federal agencies and stakeholders regarding the EV policy.”
Additionally, authorities chose to prioritize the installation of electric vehicle recharge stations along the GT Road (National Highway), N-65 and N-70.
It was previously announced that the power ministry was reportedly in the process of creating regulations for EV charging stations, and the government was thinking about providing them with reasonably priced electricity.
