New policy for promoting electric vehicles soon: Awais Leghari
Business
He highlighted that a policy that encourages adoption of electric vehicles will be announced
(Web Desk) – The government plans to introduce a new policy soon to promote electric vehicles in the country, said Power Minister Sardar Awais Leghari on Wednesday.
Pakistan approved an ambitious National Electric Vehicles Policy (NEVP) in 2019 with the goal that electric vehicles would comprise 30 percent of all passenger vehicles and heavy-duty truck sales by 2030.
It set an even more ambitious target of electric vehicles comprising 90 percent of all vehicle sales by 2040.
The minister highlighted that a policy that encourages the adoption of electric vehicles will be announced soon, which will accelerate the adoption of electric vehicles in the country, particularly two-wheelers, and three-wheelers, Pakistan’s power ministry said in a statement.
Leghari was speaking at an event titled, “Pakistan Power Reforms Project” at the Institute of Business Administration in Karachi.
The minister spoke about a roadmap for reforms that needed to catalyze industrial and economic growth in the country.
“Such an intervention will not just increase electricity demand, but also reduce household expenditure on transport, as well as significantly reducing import bill associated with fuel imports,” Leghari said.
