EVs

BRIEF ON ELECTRIC VEHICLE MANUFACTURING IN  PAKISTAN

Electric Vehicle Policy was approved by the Cabinet in 2019 with the ambitious targets to achieve 30% of production volume of conventional vehicles by 2030. Accordingly tariff incentives were defined for the electric vehicle segment and included in Auto Industry Development and Export Policy (AIDEP 2021-26)

Major incentives for electric vehicle manufacturing of  2-3 wheelers, cars, SUVs, HCVs include  Custom duty on EV specific parts @ 1% including battery, motor, converter, charger etc till the end the of policy period i.e. 30 June, 2026 for entire range of electric vehicles, sales tax at 1% at sales for locally manufactured 2-3 wheelers, cars/SUVs below 50 kWH battery pack, sales tax at import stage waived off for above category, Heavy Commercial Vehicles attract 1 % Custom Duty for entire CKD, waiver of sales tax at import stage, 1 % sales tax levied at sales stage, Reduced Registration Fee for entire range of EVs and streamlined approval process

Pakistan presents significant market potential, with a population of 250+ million people. According to National Transport Research Centre there are approximately 26.3 million motorcycles/scooters on the road (2022) and approximately 2 million are added each year. More than 40 companies have been issued licenses to manufacture 2-3 wheelers.  According to an estimate existing bikes on the road consume fuel of $3 bn. annually which signifies the importance of electric vehicles/e-bikes. More than 35,000 electric bikes have been manufactured locally and the production is increasing due to their affordability.

 In addition, 2-3 companies have submitted expression of interest for manufacturing of 4 wheelers. One manufacturing facility will start assembly of  electric 4 wheelers in June 2024, whereas the electric vehicles on road are mainly imported in completely built form till now. Similarly, heavy vehicle segment including buses used for intra-city transportation present an opportunity to shift to electric vehicles

The country presents huge prospects for local manufacturing of part and  accessories like motors, batteries, controllers, battery management systems etc for the electric vehicles, The environment friendly technologies with minimum maintenance cost are expected to take significant market share in near future as the Government making efforts to provide necessary support for technology absorption, localization and infrastructure development. .

For further details please contact or visit at:

·         Website: https://engineeringpakistan.com/

·         Email:ceo@edb.gov.pk, and asim@edb.gov.pk

·         Phone: +92-51-9201892

 

 

Charge Up the Future: Invest in Pakistan's Electric Vehicle Revolution!

 

Drive Pakistan's Green Transformation: Partner in Electric Vehicle Manufacturing!

 

Pakistan is revving up its engine for an electric future. The visionary Electric Vehicle Policy, launched in 2019, is paving the way for a thriving electric vehicle (EV) industry, presenting a wealth of opportunities for forward-thinking companies like yours.

  •  From Scooters to Buses: Invest in Pakistan's Full Spectrum EV Manufacturing!
  • Power Pakistan's Progress. Invest in Sustainable Electric Vehicles!
  • Join the Charge: Be Part of Pakistan's Green Mobility Revolution!

 

A Market Poised for Takeoff

  • Ambitious Targets: Pakistan aims for a remarkable 30% of vehicle production to be electric by 2030, creating a massive and rapidly growing market.
  • Government Incentives: The government actively promotes EV adoption through attractive tariff reductions on EV parts, sales tax breaks, and streamlined approvals.
  • Untapped Potential: With a large population heavily reliant on motorcycles and scooters, Pakistan offers a significant market for affordable electric two-wheelers.

 

Plug into Opportunity

  •  Cost-Competitive Manufacturing: Benefit from competitive labor costs and government incentives to establish cost-effective EV production facilities in Pakistan.
  • Local Demand & Export Potential: Cater to the booming domestic demand for electric vehicles while capitalizing on export opportunities to regional markets.
  • Favorable Investment Climate: The Pakistani government actively encourages foreign investment in the EV sector, providing a supportive business environment.

 

A Policy Framework for Success

 

The Electric Vehicle Policy offers a roadmap for sustainable EV development

  • Reduced Import Duties: Enjoy significantly reduced custom duties on essential EV components like batteries, motors, and chargers.
  • Tax Breaks: Benefit from lower sales taxes on locally manufactured electric vehicles, making them more affordable for consumers.
  • Streamlined Approvals: Experience a faster and more efficient process for obtaining approvals to manufacture and sell EVs.
  • Focus on Localization: The policy encourages the development of a robust local supply chain for EV parts and accessories.

 

Invest in a Greener Future

 

Investing in Pakistan's electric vehicle manufacturing sector is not just about profit; it's about contributing to a cleaner and more sustainable future. Join us in this exciting journey and be a part of Pakistan's electric revolution!

Contact Us Today!

For more details, please visit the website of the Engineering Development Board: https://engineeringpakistan.com/.