ISLAMABAD: The Special Investment Facilitation Council (SIFC) is spearheading efforts to bolster the electric vehicle (EV) industry in Pakistan by forging partnerships with international companies. The initiative aims to set up EV manufacturing units and develop essential charging infrastructure, as part of a broader strategy to transform the country’s transportation landscape.

According to Radio Pakistan, the National Electric Vehicle Policy has set an ambitious target to achieve 30% electric vehicle usage by 2030, signaling a significant shift towards sustainable transportation. This policy is expected to catalyze the growth of the EV market, predominantly fueled by several Chinese companies investing in the region. SIFC’s collaboration with these international entities is channeling a substantial private investment of $250 million into the sector, underscoring the growing confidence in Pakistan’s EV potential.

The investment and policy framework are expected to pave the way for a robust EV ecosystem, which could significantly reduce carbon emissions and dependency on fossil fuels. The focus on establishing charging infrastructure is also aimed at eliminating one of the primary barriers to EV adoption, thus facilitating a smoother transition for consumers. As these developments unfold, Pakistan is positioning itself as a key player in the global shift towards electric mobility, with hopes of reaping economic and environmental benefits in the coming years.