Here Are Details:
- Targets 100% zero-emission
- 30% NEV sales by 2030
- 1% customs duty on NEV parts
- 10% custom duty on complete NEV imports until 2027
- Sales tax exemptions for locally manufactured components.
- Customs duty on heavy commercial vehicles will be incentivized
- Charging Stations will be established along side the Motorways, Cities, Highways and Public Spaces
- Level 2 and Level 3 chargers will be able to secure subsidies
- Tax Exemption for private companies (For Charging Stations)
- For consumers, Toll and Registration fee will be zero
- Up to 25% rebates for fleet NEV adoption.
- Government employees and fleet operators will enjoy the interest free loan
- Currently, transport sector contribute 30% of the country’s green house gas output.
Zero Emission Road Fleet by 2060:
- 30% NEV sales by 2030
- 90% by 2040
- 100% by 2050
- Under the Paris Agreement, Pakistan is aiming to reduce emission 11.3 million metric tone of CO in the next five years
- And 64.9 million metric tone by the end of 2035
Local NEV Manufacturing Industry:
- Decreasing fossil fuel imports
- Benefits are provided to NEV production
- Tax Exemption
- Reduce duties on NEV components
- Establish Special Technology Zones
- Provide 20% space to reduce cost for these initiatives
- Level 3 Charging stations will be established by oil marketing companies on their 10% locations
- Simplified permit processes
Focus on Environmental Protection:
- Safety standards will be the maintain
- Recycling standards will also be focused for batteries and components
- Companies will be encouraged through finance for battery recycling
- Recycling stations will be established in the whole country
- End policies for traditional petrol vehicles
- Provide incentives to replace old models with NEV
Collaboration With Academia and Industry:
- Policy calls for a Centre of Excellence in NEVs and focus on new innovations and technology. To achieve the target, collaborate with the academia and industry will also be the entertain to develop and adopt new technology with necessary skills for NEV.