Electric vehicle Industry in Pakistan

[ghazi52]

Pakistan’s first locally produced electric car to hit the road in December​

BR
September 14, 2024

Pakistan’s first locally produced four-wheeled electric vehicle (EV) is set to hit the market in December. The development came to light on Saturday during a meeting held under the chairmanship of Prime Minister Shahbaz Sharif regarding the use of EVs.

As per a government statement, it was told during the meeting that since 2022, 49 licenses have been issued for the local production of two and three-wheeled EVs, with 25 factories having already started manufacturing these vehicles.

“The first license for the domestic production of four-wheeled electric vehicles was issued in September 2024, and the first electric car will hit the market in December this year,” read the statement.

EVs have emerged as a growing sector in Pakistan with significant potential to transform the country’s automotive landscape.

On Tuesday, Dewan Farooque Motors Limited (DFML) informed its stakeholders that it had commenced production of EVs at its assembly plant after receiving approval from the Engineering Development Board (EDB).

Also last month, Chinese electric vehicle giant BYD announced its entry into Pakistan, making the South Asian nation of nearly 250 million people one of its newest markets.

Meanwhile, during the meeting, PM Shehbaz directed the relevant authorities to present a comprehensive financial model for EVs.

EVs not only save valuable foreign exchange in terms of petrol and diesel consumption, but these vehicles will also be environmentally friendly, he noted.

PM also directed to finalize the Electric Vehicles policy by November and called for improvement in licensing regulations related to EV manufacturing in Pakistan, read the statement.

“Necessary deliberation should be held with all provinces, federal agencies and stakeholders regarding the EV policy,” PM was quoted.

On the model of the government’s laptop scheme, E-motor bikes will be distributed to the high-performing students of government schools, it was learnt.

The PM also directed the Capital Development Authority to prepare a comprehensive plan for the electrification of public transport in Islamabad.

Authorities also decided to set up recharge stations for electric vehicles on a priority basis along motorways, GT Road (National Highway), N-65 and N-70.

Earlier, it was reported that standards for EV charging stations had been drafted by the power ministry, with the government considering offering them affordable electricity.

 

[AbdulQadir7]

Prime Minister Mian Shehbaz Sharif is looking into the inclusion of electric buses in the fleet of public transport, promotion of electric vehicle industry, and alternative energy resources.

 

[ghazi52]

The first batch of 146 out of 160 electric buses reached Islamabad to provide smooth travel experience to the people.

According to the Capital Development Authority (CDA) officials, the last batch of 14 electric buses has departed for Islamabad from China.

CDA officials said that the construction of the zero-point charging station has started.

CDA officials said that earlier the construction of the charging station was delayed due to the cancellation of the tender twice and now CDA has issued a tender for the charging station at reduced rates. Officials said that first, chargers and parking areas will be prepared for the new routes

 

[ghazi52]

Hub Power Holdings partners up with Mega conglomerate​

December 7, 2024

Mega Motor Company (Private) Limited has taken significant steps to establish itself in Pakistan’s growing electric vehicle (EV) sector. The company has entered into a supply and manufacturing agreement, as well as a technical license agreement, with BYD Auto Industry Company Limited, the world’s largest EV manufacturer. Furthermore, in June 2024, Mega Motor finalized a distribution agreement to bring BYD vehicles to the Pakistani market.

Building on this momentum, Hub Power Holdings Limited (HPHL), a wholly owned subsidiary of The Hub Power Company Limited, has entered into a shareholders’ agreement with Mega Conglomerate (Private) Limited (MCPL).

Through this agreement, MCPL will acquire a 50% stake in Mega Motor Company. This partnership aims to consolidate the expertise of both HPHL and MCPL to strengthen their collaboration with BYD and establish a robust EV ecosystem in Pakistan.

BYD, a publicly listed Chinese multinational, leads the global EV market with record-breaking sales of 1.57 million battery electric vehicles and 1.44 million plug-in hybrid units in 2023, reflecting a 73% year-on-year growth. Its entry into Pakistan, supported by this strategic partnership, represents a pivotal step toward advancing clean energy mobility in the country.