National Electric Vehicle Policy

The National Electric Vehicle Policy aims to transition 30% of all new vehicles — imported and locally manufactured — in Pakistan to electric power by 2030 and 90% of New Sales by 2040. 
The Policy also describes the different incentives for the following transport options: incentives for New Cars; incentives for Two and Three Wheelers/ Low Speed Electric Cars; incentives for Buses; incentives for Trucks; incentives for Setting up EV Manufacturing Units; incentives for EV Components and Modules Manufacturing; incentives for Charging Infrastructure and Battery Swapping Stations. 
These incentives may consist of tax rates exemptions/reduction and interest rates reduction on loans for manufacturers.

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