New EV Policy: Pakistan to Manufacture Electric Rickshaws

It has been announced by the Advisor to the Prime Minister on Climate Change, Amin Aslam, that under the new policy, electric Rickshaws and motorcycle factories will be soon set up in Pakistan.

Moreover, he shared that the country will save approximately $2 billion in fuel once it shifts to electric vehicles (EV). The first electric vehicle policy of Pakistan has also been formally approved by the cabinet.

The aim of this venture is to launch electric battery-powered buses in Pakistan with a Rs.12 billion investment within the sector.

An MoU had been signed earlier between the Minister of Science and Technology Fawad Hussain Chaudhary and CEO of bus hailing service in Islamabad.
The approval was given to the draft policy of electric motor vehicles in the federal meeting held on November 4th.
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