Pakistan Aims to Manufacture 30% Electric Vehicles by 2030:
Pakistan is making significant strides towards a greener and more sustainable future by transitioning to renewable energy sources and reducing its dependence on fossil fuels. The country has set an ambitious target of achieving 60% renewable energy by the next seven years, which will contribute to a cleaner and more environmentally friendly energy sector.
At the Future Energy Asia Conference 2023 held in Bangkok, a delegation led by Federal Minister of Energy Khurram Dastgir discussed the investment opportunities in clean energy in Pakistan. The delegation highlighted Pakistan’s National Electricity Policy 2021, which includes a goal of having 30% electric vehicles (EVs) by 2030, aligning with the Sustainable Development Goals.
However, there are several challenges that need to be address for the successful implementation of the clean energy plan. Regulatory obstacles and the lack of financing for EVs are significant hurdles that require attention. Dr. Naveed Arshad, an Associate Professor at LUMS, believes that despite these challenges, achieving Pakistan’s target of 30% EVs by 2030 is still feasible. However, it requires addressing the current regulatory impediments and ensuring sufficient financing for EVs.
Currently, there are twenty-two register manufacturers of two and three-wheeler EVs in Pakistan. However, only a few have showcased their products, and some provinces have not yet allowed the registration of electric three-wheelers. Dr. Arshad hopes that with stability and increased government attention, the promotion of EVs can be revisited and effectively addressed.