As part of the Electric Vehicles Policy for 2020–2025, the Engineering Development Board (EDB) has granted licenses to 34 electric vehicle manufacturers, indicating a shift away from traditional fuel-powered cars and toward electric ones.
Asim Ayaz, a senior EDB official, spoke about the finance difficulty that consumers face as a result of the increased costs of electric vehicles, which are mostly driven by battery expenses, during a webinar held by the Sustainable Development Policy Institute. The government suggested adding EV charging stations to every gas station as a solution to this problem.
The global shift towards electric vehicles has rendered the early reluctance of Japanese auto manufacturers towards EVs untenable, as stated by Ahmed Sajeel of Deewan Motors BMW.
In addition to emphasizing the value of infrastructure development in tandem with the adoption of electric vehicles, he said that local manufacture should take advantage of Pakistan’s plentiful supply of raw minerals, such as silica.
One major step toward tackling rising gasoline prices and reducing carbon emissions is the shift to electric vehicles. However, two essential components of this transformation are making sure it’s affordable and building a strong infrastructure for charging.
