Islamabad, Jan 2: Pakistan’s electric vehicle (EV) industry is set to grow, driven by the Special Investment Facilitation Council (SIFC) through international partnerships and infrastructure development. The National Electric Vehicle Policy aims for 30% EV adoption by 2030, with prominent global manufacturers expressing interest in the market.
Key Developments:
- Manufacturers Involved: Chinese firms like Changan, MG Motors, and AIMA, alongside Pakistan’s Nishat Group in collaboration with South Korea’s Hyundai, are leading EV introductions.
- Investment and Infrastructure: Backed by $250 million in private investment, SIFC plans a nationwide charging station network for cars, motorcycles, and rickshaws.
Strategic Focus:
- Export Potential: Pakistan’s geographic location positions it as a regional EV hub.
- Sustainability Goals: The initiative aligns with the country’s environmental objectives, fostering a new industrial sector.
- Government and Private Sector Coordination: SIFC facilitates international partnerships, policy implementation, and streamlined market entry for manufacturers.
If successfully implemented, these initiatives could transform Pakistan into a significant regional EV manufacturing and export player.
