Friday, September 24, 2021  | 16 Safar, 1443
Samaa TV
Facebook Twitter Youtube
HOME > Video

An electric car could save you Rs25,000 every month

Pakistan introduces EV Policy to support the new industry

SAMAA | - Posted: Dec 30, 2020 | Last Updated: 9 months ago
Posted: Dec 30, 2020 | Last Updated: 9 months ago

Climate change is wreaking havoc across the world and many countries, including Pakistan, want to tackle it. Pakistan is among the top five countries most affected by climate change.

In an effort to play its part, Pakistan has formed an Electric Vehicle Policy to facilitate the transformation of the transport sector from fuel-based motorcycles, cars, buses and trucks to electric vehicles. The policy gives incentives on duties and taxes to help businesses start industrial assembly. Pakistan hopes to electrify 30% of the total vehicles in the country by 2030.

According to the Ministry of Climate Change, 42% of the air pollution in the country comes from traffic. Electrifying 30% of the vehicles could save Pakistan approximately $2 billion on oil imports every year.

EV Technologies Consultant CEO and the person representing SZS Group in the joint venture with POF Wah for assembling electric buses, Shaukat Qureshi said electrification of cars will help reduce carbon emissions that trigger climate change and lower dollar import bills. He claims that according to a study his organization conducted, a motorcyclist switching to an EV bike will save Rs4,000 on fuel, electric car user can save up to Rs25,000 and EV bus companies can save between Rs600,000 to Rs900,000 monthly. He says a lithium battery serves as fuel for EVs and they now have a life of above five years and charging costs very little.

He added that an electric car comparable to hatchbacks Alto and Cultus, under the present duty and tax regime after the introduction of the EV Policy, can cost as low as Rs1.2 million.

FaceBook WhatsApp


Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp

Automatic Robots Scam, Automatic Trading Robots Scam, Forex Robots Scam, Tips for Forex trading, Forex Trading Scams Hindi, forex, Tips for Commodity Trading, Tips for Stock trading, Online trading scams, Stock trading scams hindi, TRADE FOREX, TRADE FOREX IN PAKISTAN, Share Trading, TRADE, FOREX, IN PAKISTAN, HOW TO TRADE FOREX IN PAKISTAN, Share Trading in Pakistan

Watch: Lake emerges in Sargodha after mountains cleared
Low-cost house loan in Pakistan: how to get one?
Rain in Karachi, PM Imran Khan Speech, Gujjar Nala Case | SAMAA TV News Headlines 3pm | 23 September 2021
Rain in Karachi, Nasla Tower Case, Gujjar Nala Case | SAMAA TV News Headlines 12pm | 23 September 2021
SAMAA TV News Headlines 6pm | 23 September 2021
SAMAA TV News Headlines 9pm | 23 September 2021
Coronavirus, National T20, PM Imran Khan | SAMAA TV News Headlines 9am | 23 September 2021
SAMAA TV News Headlines 12am | 24 September 2021
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp