E-Vehicles policy to be finalised within two months

ISLAMABAD: Prime Minister (PM) Shehbaz Sharif wants the E-Vehicles policy to be finalised by November, after discussions with all provinces and relevant stakeholders.

According to Business Recorder, PM Shehbaz has instructed the creation of a detailed financial plan and called for improvements in licensing regulations for electric vehicle manufacturing in the country.

The PM said that the government is making electric vehicles a priority, stating that they would help save foreign exchange by reducing the import of petrol and diesel, as well as being environmentally friendly.

He also announced that high-achieving students from government schools would be given electric motorbikes, similar to the previous laptop distribution scheme.

Additionally, the Prime Minister directed the Capital Development Authority (CDA) to come up with a detailed plan for introducing electric public transport in Islamabad.

The meeting was informed that since 2022, 49 licences have been granted for the production of two- and three-wheeled electric vehicles, with 25 factories already manufacturing these vehicles.

It was also noted that the first licence for domestic production of four-wheeled electric vehicles was issued in September, and the first locally produced electric car is expected to be available by December.

Plans to set up recharging stations for electric vehicles on a priority basis were also discussed.

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