Pakistan's EV sector grows with SIFC support

MG News | February 04, 2025 at 12:03 PM GMT+05:00

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February 04, 2025 (MLN): Pakistan's electric vehicle sector is advancing due to the efforts of the Special Investment Facilitation Council (SIFC).

The government is prioritizing the expansion of local EV production, having issued licenses to 55 manufacturers for two- and three-wheelers, along with two for assembling four-wheelers.

A plan is also in the works to establish charging stations, including fast chargers and battery swapping stations.

The new EV policy offers incentives such as free registration, exemptions from annual token fees, and toll taxes, as per the press release.

Additionally, there are plans to set up at least one electric vehicle zone in each province, including Islamabad.

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