Call to timely develop, implement EV policy

Federal Minister for Finance Muhammad Aurangzeb on Thursday stressed the importance of timely development and implementation of the New Energy Vehicle (NEV) Policy 2025-30.

Chairing a meeting, the minister called for making coordinated efforts to achieve policy targets and align them with Pakistan's environmental and economic priorities.

The NEV policy aims to address key challenges in the adoption and production of electric vehicles (EVs) and sets ambitious targets for transitioning to clean energy in the transport sector.

In the meeting, industries and production secretary gave a detailed presentation, where he outlined the current state of EV industry. The presentation emphasised policy interventions to ensure the smooth adoption of NEVs in line with national priorities.

Discussions focused on overcoming barriers to EV production and adoption, improving manufacturing processes, addressing infrastructure needs, making necessary policy corrections to streamline EV production, addressing supply chain issues and encouraging private sector investment.

The meeting concluded with the commitment to expediting efforts for successful implementation of the NEV policy and to pave the way for a cleaner, greener and more sustainable future for Pakistan.