Govt Approves 57 EV Manufacturing Licenses

Wajahat

07 Feb 2025

163

Govt Approves 57 EV Manufacturing Licenses

With the global automotive industry shifting towards sustainable transportation, Pakistan has intensified efforts to promote green mobility solutions. The latest launch of electric models such as GuGo Box EV and Kia EV9 reflects the increasing focus on eco-friendly vehicles across various categories.

Expansion of EV Manufacturing

To strengthen the electric vehicle (EV) sector, the Pakistani government has granted manufacturing licenses to 57 companies, covering two-wheelers, three-wheelers, and passenger vehicles. This step is expected to boost EV production and localize technology development.

National Electric Vehicle Policy (NEVP) Goals

Introduced in 2019, the National Electric Vehicle Policy (NEVP) aims to accelerate EV adoption with clear targets:

Vehicle Category	Target for 2030	Target for 2040
Passenger Cars & Trucks	30% EV penetration	90% EV penetration
Two & Three-Wheelers	50% EV penetration	90% EV penetration
Buses	50% EV penetration	90% EV penetration

These initiatives align with Pakistan’s vision for a greener, low-emission future.

Development of EV Charging Infrastructure

To support the growing EV Car network, authorities are establishing charging stations nationwide, including:

Fast-charging stations for passenger cars
Battery-swapping hubs for two- and three-wheelers
EV-exclusive zones in key urban areas

The government has also introduced attractive incentives to encourage adoption, including:

✅ Free vehicle registration
✅ Exemption from annual token fees
✅ Toll tax waivers for EVs

Challenges & Future Outlook

Despite the promising policies, EV production remains below expectations. A recent report from the Senate Standing Committee highlighted that only 60,000 EVs were manufactured in Pakistan by late 2024, far below the 600,000-unit target.

To stimulate demand, the government has slashed electricity tariffs for EV charging stations by 45%, reducing the per-unit cost from Rs. 71.10 to Rs. 39.70. This revision is expected to take effect by the end of February and make EVs more cost-effective for consumers.

Additionally, investors in Pakistan’s EV industry are projected to earn returns exceeding 20%, making the sector an attractive business opportunity.

With ambitious policies and infrastructure expansion, Pakistan is gradually transitioning towards a sustainable EV ecosystem. While challenges persist, reduced electricity tariffs and financial incentives are expected to accelerate electric mobility adoption in the coming years.

EV Manufacturing Pakistan Government EV Policy Electric Vehicle Industry Pakistan Auto Sector EV Production Licenses Sustainable Mobility Green Technology Pakistan EV Market Growth Charging Infrastructure Pakistan Renewable Energy Vehicles

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