ISLAMABAD: As the country prepares for a significant increase in Electric Vehicle (EV) production, the government has decided to formulate a dedicated policy for EVs immediately. The National Electric Power Regulatory Authority (NEPRA) and the National Energy Efficiency & Conservation Authority (NEECA) have been tasked with creating a uniform tariff structure with appropriate profit margins nationwide.
This decision was made during a meeting convened by the Special Investment Facilitation Council (SIFC). Participants from relevant ministries extensively discussed EV-related issues, aiming to facilitate consumers. Reports indicate that Chinese EV companies, currently facing challenges in the US and Canada, may redirect their products to markets like Pakistan.
Sources from the Engineering Development Board (EDB) note that while the Automotive Industry Development and Export Plan (AIDEP) 2021-2026 addresses certain aspects of EVs, a comprehensive policy is needed to fill existing gaps.
The Ministry of Industries and Production (MoI&P) will lead the coordination and implementation of the EV Ecosystem and develop the comprehensive EV policy. Provincial governments are expected to provide maximum support.
The Ministry of Industries and Production has been directed to present the EV policy to the SIFC Secretariat within weeks. The option of leasing land for infrastructure development and incorporating its impact into tariffs will be reviewed by the Ministry of Energy (Power Division) and NEECA to avoid complexities.
Additionally, the feasibility of utilizing existing facilities from Oil Marketing Companies (OMCs) and Compressed Natural Gas (LNG) stations for EV charging infrastructure, alongside new commercial entrants, will be explored. Ends
