Pakistan has rolled out new regulations to boost the electric vehicle (EV) sector, with support from the Special Investment Facilitation Council (SIFC), according to officials on Sunday. The government aims to have 30% of the country’s vehicles running on electric power by 2030, a goal that is expected to drive infrastructure growth in EV manufacturing, motorcycle production, and charging networks.
To support the initiative, Prime Minister Shehbaz Sharif announced a 44% reduction in electricity rates for EV charging stations to attract investment in the sector. Additionally, the government has launched a 15-day fast-track registration process for new charging stations, aimed at encouraging both local and foreign investment.
Pakistan is also planning to convert 10 million motorcycles to electric, a move that could save the country $6 billion annually by reducing fuel imports. Officials highlight that increased EV adoption will bolster local manufacturing, reduce carbon emissions, and improve environmental conditions.
The development of EV infrastructure is seen as a major step toward Pakistan’s clean energy transition, with policymakers focused on the long-term economic and environmental benefits.
