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In a move to promote Electric Vehicles (EVs) in the country, the government of Pakistan announced a 44 percent concession in power tariff for EV charging stations nationwide.
This development emerged during a presser, where Energy Minister Awais Leghari slashed the power tariff for EV charging stations as a government initiative to promote the EVs.
The Power Division has notified the revised tariff for EV charging stations reduced the tariff from Rs 71.10 per unit to Rs 39.70
The EV charging stations can be installed in neighborhoods and streets and the permission to install the station will be issued in 15 days, Leghari stated.
Prime Minister Shehbaz Sharif also welcomed and lauded the policy to promote EVs to reduce environmental pollution in Pakistan.
It is worth mentioning here that the last fiscal year has witnessed a notable rise in vehicle sales, driven by increased demand for electric vehicles (EVs) and a surge in other categories across Pakistan.
The Pakistan Bureau of Statistics (PBS) reports an 82 percent increase in the sale of buses and trucks, a 60 percent rise in jeeps and pickups, and a 23.4 percent growth in rickshaw and motorcycle sales.
The growing interest in electric vehicles highlights a shift towards environmentally friendly transportation options.
Lower interest rates have been a significant factor in boosting sales, with further reductions and the introduction of new models likely to sustain this upward trend.
Auto industry experts anticipate continued growth in EV adoption as consumers seek cost-effective and sustainable alternatives.
