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An infant electric vehicle industry currently exists in Pakistan. The Pakistan Electric Vehicles Manufacturing Association (PEVMA), which was recently formed by the five indigenous electric car producers, has been investing heavily in the market and frequently teams up with well-known international automakers.
To encourage investment in EVs, the NEVP includes new foreign direct investment incentives. Lower taxes on EVs than for conventional automobiles will help producers, assemblers, and suppliers in the EV and related infrastructure sectors. Additionally, the import tax on charging equipment has been reduced.
In order to promote private investment in charging stations, the government would also cut the unit pricing of power for operators of charging stations.
A minimum of one DC fast-charging station will also be put in place by the government every 10 square kilometres in all major cities (targeting the more defunct CNG stations as locations), and every 15 to 30 kilometres on all highways.
The Pakistan EV Charger Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
At the Libra CNG Station, also known as the Libra Charging Hub, in Saddar, two prestigious German firms, Audi and Siemens, showcased Pakistan’s first and only ultra-rapid DC charging station outfitted with Siemens SICHARGE D series chargers with speeds up to 160kw.
The CEO of Libra Energy Solutions stated that his family has been in the oil business for the past five decades in his welcome speech.
The first Compressed Natural Gas (CNG) station was then opened by his father. And at this point, he has also included an EV charging station.
The head of Siemens-Pakistan said he had the utmost appreciation for Libra Energy’s initiative for forging ahead into uncharted terrain with CNG in the 1990s and now with the charging hub. Karachi has demonstrated to us that it is a leader in integrating technology.
