Karachi: The Ministry of Industries and Production hosted a high-level workshop in Karachi today to promote Pakistan’s New Energy Vehicle (NEV) Policy 2025–30. The event emphasized the government’s commitment to reducing reliance on imported oil, curbing environmental damage, and transforming the transport sector through electric vehicles.
Chaired by Additional Secretary Mr. Asif Saeed Lughmani and attended by Engineering Development Board (EDB) CEO Mr. Khuda Bux Rind, the session outlined the strategic goals of the NEV Policy, which aims to shift 30% of Pakistan’s vehicles to electric by 2030. The workshop highlighted how this transition could not only mitigate climate risks but also save the country $1 billion and two billion liters of fuel annually.
Mr. Lughmani stressed that the NEV Policy is a critical national initiative, particularly given Pakistan’s vulnerability to climate change. He called for unified federal-provincial coordination and noted that in line with Prime Minister Shehbaz Sharif’s directives, he is touring provinces to build consensus and accelerate the policy’s rollout.
The policy also includes robust engagement with the private sector, with 61 production licenses already issued and 90% of NEV manufacturing expected to be localized — a move projected to generate over 15,000 jobs nationwide.
Highlighting economic incentives, Mr. Lughmani announced financial support of Rs. 65,000 for electric two-wheelers, Rs. 400,000 for three-wheelers, and Rs. 150,000 for four-wheelers. The State Bank of Pakistan is also introducing green auto financing to ease vehicle acquisition, while additional perks such as free registration and toll exemptions will further encourage adoption.
Mr. Khuda Bux Rind reaffirmed the EDB’s commitment to supporting the NEV sector and emphasized its potential to drive economic and technological advancement. The policy also includes the installation of 3,000 EV charging stations to build the necessary infrastructure for this green transition.
