December 22, 2020 (MLN): Federal Cabinet has today approved the Electric Vehicle policy for 4 wheelers.
The aforesaid announcement was made by Minister for Industries & Production, Hammad Azhar on its official Twitter handle. He presented the salient features of this policy such as; removal of additional Customs duty and AST on imports of EV cars, only 1% tax on import of EV parts for manufacturers and Registration & annual renewal fee waiver for EVs in ICT.
In a series of tweets, he highlighted other features which include: 1% sales tax for local made EVs up to 50kwh and light commercial vehicles up to 150 kwh, Duty on import of charging equipment capped at 1% and Duty-free import of plant and machinery for manufacturing of EVs.
‘FED already does not apply to EVs’, he said.
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