Pakistan's electric vehicle (EV) sector is gaining momentum with significant support from the Special Investment Facilitation Council (SIFC), as the government announces plans to establish 10,000 charging stations across the country by 2030.
The initiative has already achieved several key milestones, including a 44% reduction in electricity rates for EV charging stations and the allocation of $90 million for charging infrastructure development. Chinese manufacturer ADM Group has committed $250 million to establish an EV manufacturing facility in Pakistan.
The new generation of electric vehicles planned for production will have a range of up to 300 kilometers on a single charge, according to industry specifications. The government has implemented new regulations for EV charging infrastructure, aimed at improving environmental sustainability.
SIFC's facilitation has helped attract $250 million in private investment to date for the country's EV industry. The council continues to work with the government to implement the national EV policy, marking the beginning of an environmentally friendly transportation era in Pakistan.
The transition to electric vehicles is expected to generate significant savings in fuel imports and reduce carbon emissions, aligning with global environmental initiatives. The government's charging infrastructure regulations are designed to establish standards for the growing EV ecosystem.
The initiative represents part of a broader strategy to develop sustainable transportation options in Pakistan. Officials report that the reduced electricity rates for charging stations will help make electric vehicles more accessible to consumers.
