Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan on Thursday officially launched the National Electric Vehicle (NEV) Policy 2025-30 and called it a historic and transformative step in Pakistan's journey towards industrial, environmental and energy reforms.
Speaking at a press conference, Haroon Akhtar Khan stated that the new EV policy was aligned with the prime minister's vision of promoting clean, sustainable and affordable transportation while encouraging the local industry and protecting environment. Transport sector is a major contributor to carbon emissions and "reform in this area is imperative".
The PM aide said that one of the major targets under the policy was to ensure that 30% of all new vehicles sold in Pakistan by 2030 were electric. This transition is projected to save 2.07 billion litres of fuel annually, amounting to nearly $1 billion in foreign exchange savings. Additionally, the policy is expected to reduce carbon emissions by 4.5 million tons and cut health-related costs by $405 million per year.
He announced that an initial subsidy of Rs9 billion had been allocated for fiscal year 2025-26, under which 116,053 electric bikes and 3,171 electric rickshaws would be facilitated. Some 25% of this subsidy is reserved for women to provide them with safe, affordable and eco-friendly mobility.
He said that a fully digital platform had been introduced to ensure transparent online application submission, verification and disbursement of subsidies. Furthermore, the policy outlines the installation of 40 new EV charging stations on motorways, with an average distance of 105 kilometres.
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