Latest news with #NEVPolicy
Business Recorder
18 hours ago
- Automotive
- Business Recorder
Promotion of electric vehicles in Pakistan: Research study to be launched on cost-benefit analysis
ISLAMABAD: The Ministry of Industries and Production in collaboration with other stakeholders has decided to launch a research study on the cost benefit analysis of promotion of electric vehicles (EVs) in the country. The decision was taken here on Thursday during the fifth meeting of the steering committee on the Electric Vehicle Policy which was held under the chairmanship of the Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan. The participants argued that a countrywide study should be conducted by engaging graduate and post graduate university students as well as other professionals, so that the exact cost benefit analysis could be drawn. For this purpose, some 4,000 EVs including two and three wheelers would be provided to the contributors on subsidised rates. The government has decided to take the number of EVs in the country as per Pakistan's New Energy Vehicle (NEV) Policy 2025–2030 to 2.2 million, majority of them two wheelers and three wheelers for which so far at least 61 vendors have acquired licenses. The results of the research study would also be shared with the IMF and the World Bank to get further climate change-related funding. The meeting brought together representatives from key federal ministries, the Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), the Capital Development Authority (CDA), and coordinators from the Prime Minister's Office to review the progress of Pakistan's NEV Policy 2025–2030. During the meeting, participants held detailed discussions on the first phase of the proposed subsidy scheme for electric vehicles. A technical briefing was also presented regarding battery performance and specifications, specifically considering Pakistan's unique climatic conditions and their impact on electric vehicle performance. Speaking on the occasion, Haroon Akhtar Khan noted that the Ministry of Industries and Production has engaged in consultations with provincial governments regarding the policy and emphasised that this intergovernmental cooperation would continue to ensure effective and consistent implementation across the country. He highlighted that the policy's environmental impact would be assessed using international standards to measure reductions in greenhouse gas emissions and to explore opportunities for carbon credits. He reiterated the government's strong commitment to promoting eco-friendly technologies under the guidance of the prime minister. According to Haroon Akhtar Khan, the NEV policy is in alignment with the prime minister's vision of steering Pakistan towards a greener, cleaner, and more sustainable transportation system. He emphasised that electric vehicles will not only reduce Pakistan's reliance on imported fuel but will also significantly contribute to lowering environmental pollution. He concluded by stating that the government is fully committed to developing a green transport infrastructure, and the new policy aims to achieve integrated progress in technology, economy, and environmental sustainability. Copyright Business Recorder, 2025
Business Recorder
a day ago
- Automotive
- Business Recorder
Promotion of electric vehicles: Research study to be launched on cost-benefit analysis
ISLAMABAD: The Ministry of Industries and Production in collaboration with other stakeholders has decided to launch a research study on the cost benefit analysis of promotion of electric vehicles (EVs) in the country. The decision was taken here on Thursday during the fifth meeting of the steering committee on the Electric Vehicle Policy which was held under the chairmanship of the Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan. The participants argued that a countrywide study should be conducted by engaging graduate and post graduate university students as well as other professionals, so that the exact cost benefit analysis could be drawn. For this purpose, some 4,000 EVs including two and three wheelers would be provided to the contributors on subsidised rates. The government has decided to take the number of EVs in the country as per Pakistan's New Energy Vehicle (NEV) Policy 2025–2030 to 2.2 million, majority of them two wheelers and three wheelers for which so far at least 61 vendors have acquired licenses. The results of the research study would also be shared with the IMF and the World Bank to get further climate change-related funding. The meeting brought together representatives from key federal ministries, the Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), the Capital Development Authority (CDA), and coordinators from the Prime Minister's Office to review the progress of Pakistan's NEV Policy 2025–2030. During the meeting, participants held detailed discussions on the first phase of the proposed subsidy scheme for electric vehicles. A technical briefing was also presented regarding battery performance and specifications, specifically considering Pakistan's unique climatic conditions and their impact on electric vehicle performance. Speaking on the occasion, Haroon Akhtar Khan noted that the Ministry of Industries and Production has engaged in consultations with provincial governments regarding the policy and emphasised that this intergovernmental cooperation would continue to ensure effective and consistent implementation across the country. He highlighted that the policy's environmental impact would be assessed using international standards to measure reductions in greenhouse gas emissions and to explore opportunities for carbon credits. He reiterated the government's strong commitment to promoting eco-friendly technologies under the guidance of the prime minister. According to Haroon Akhtar Khan, the NEV policy is in alignment with the prime minister's vision of steering Pakistan towards a greener, cleaner, and more sustainable transportation system. He emphasised that electric vehicles will not only reduce Pakistan's reliance on imported fuel but will also significantly contribute to lowering environmental pollution. He concluded by stating that the government is fully committed to developing a green transport infrastructure, and the new policy aims to achieve integrated progress in technology, economy, and environmental sustainability. Copyright Business Recorder, 2025
Express Tribune
7 days ago
- Automotive
- Express Tribune
Govt seeks input for NEV policy implementation
Listen to article The government has started seeking feedback on the New Energy Vehicle (NEV) Policy 2025-30, which is a key step towards implementation of the draft policy termed not just an environmental commitment but also an economic imperative. Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan addressed a dissemination and feedback workshop on Pakistan's NEV Policy 2025-30, where he highlighted it as a milestone in the country's journey towards a cleaner, greener and more sustainable transport future. He stated that the NEV Policy was a vital component of Prime Minister Shehbaz Sharif's vision to ensure that 30% of all new vehicle sales were electric by 2030. He emphasised that the policy was not just an environmental commitment but also an economic imperative. He noted that implementation of the NEV Policy could reduce up to 4.5 million tonnes of carbon dioxide emissions, save $1 billion in annual oil imports and help avoid Rs405 billion in health-related costs. Moreover, the policy will enable productive use of 126 terawatt hours (TWh) of surplus electricity, which would otherwise go to waste. To encourage EV adoption, the government is offering consumer subsidies including Rs65,000 for electric two-wheelers, Rs400,000 for electric three-wheelers and Rs15,000 per kilowatt-hour for electric four-wheelers. Additionally, 40 fast charging stations are expected to become operational on highways by the end of 2025, improving infrastructure for EV users. Haroon Akhtar announced that provinces were being encouraged to offer free NEV registration to support nationwide adoption. He emphasised the policy's role in promoting industrial growth and local manufacturing, noting that 57 local manufacturing certificates had been issued and over 90% localisation for electric motorcycles and rickshaws had already been achieved. International players are showing growing interest in Pakistan's NEV sector, which Akhtar described as a positive signal for foreign investment and technology transfer.
