Pakistan’s Automobile Sector Uplifting Towards Electrical Evolution

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The Pakistan government has recently taken a permission towards the electric vehicle policy. In the coming year, Pakistan’s automobile sector will be facing extreme changes. This policy will reduce the tax from 11.25% to 43%. The main cause of this motivation is the Pakistan environmental crisis which is going on. People’s health become progressively worse through vehicle’s smoke.

The sector of transport play a part up to 43% in the airborne discharge. Hence transforming the means of transportation to an electric vehicle is going to be a goldern opportunity. As per the envision of the new policy, over the course of 5 years the government will import approximately 500,000 three and two-wheeler, 100,000 electric cars, and over 1,000 electric buses. By 2030, almost 65% of the smoke emission will be reduced as 30% of all transportation means either small or big and 50% of all three-two-four wheeler to turn electric. If the EV policy goes as per planned the need for oil-based products will decrease by millions of tons by 2030.

Pakistan's Automobile Sector

A survey was conducted by International Energy Agency and according to it, Norway is leading the Electric vehicle market with large shares. Also the United States of America, the United Kingdom, and China have EV markets on large scale .

The federal minister state that, “The Prime Minister need all new buses coming on the road to be electric hybrid-run both on electricity and CNG.”

On the other hand, Pakistan Electric Vehicle, Parts Manufacturer and Traders association said: “It is only a matter of time when Pakistani’s will be able to drive electric vehicles in the country. People who have conflict regarded to this technology today will be using and investing in it in coming days.”

Pricing Of Electrical Transportation

Recently the prices of electric vehicles provide a conception that it will be costly however according to the head of EV Technologies, the electric variant cars will be less expensive as compared to oil-operated cars.

For the establishment of electric vehicle plant, investment of 2 billion rupees were needed. This will help to produce more than 20,000 electric vehicles per year. Not only electric car but also electric bikes and vans will also be produced by the plant. According to EV Technologies veteran, the production is going to begin in the upcoming year.

According to the climatic change minister, the final policy draft has been accepted by government officials. The policy has been approved by the government people’s after severe efforts. In the coming days, major transportation changes will be observed.

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