+923218400111
ROOM NO 214, 2ND FLOOR, LSE PLAZA, 19-KHYABAN-E-AIWAN-E-IQBAL, LAHORE
accounts@bspl.com.pk

Are you ready to change the game? Find Out More

Govt pushes to scale up EV adoption | The Express Tribune
Home » BUISNESS  »  Govt pushes to scale up EV adoption | The Express Tribune

Listen to article
ISLAMABAD:

The Ministry of Climate Change and Environmental Coordination (MoCC&EC) on Friday held a high-level meeting with electric vehicle (EV) manufacturers and senior officials. The goal was to identify ways to scale up EV adoption and reduce the country's dependence on fossil fuels.

The meeting was chaired by Secretary MoCC&EC Aisha Humera Moriani. Discussions focused on expanding EV charging infrastructure, promoting large-scale motorcycle retrofitting, and exploring financing options to make EVs more affordable and accessible.

These efforts support Pakistan's climate goals, which include achieving 30% EV adoption by 2030, as outlined in its 2021 Nationally Determined Contributions (NDCs).

"Inadequate EV charging infrastructure, especially in urban areas, remains a major barrier," Moriani said. "Without major investments, the shift to electric mobility will be difficult."

Participants stressed the need for strong policy support to convert Pakistan's large fleet of fuel-powered vehicles — especially two- and three-wheelers — to electric. Pakistan has over 37 million fuel-powered vehicles, including nearly 29 million petrol motorcycles.

Retrofitting these motorcycles could offer a fast, cost-effective way to cut emissions. "Standardised retrofitting is a scalable solution, especially in the motorcycle segment that dominates Pakistan's transport landscape," said Muhammad Asif Sahibzada, Director General (Environment & Climate Change) at MoCC&EC.

Industry representatives raised concerns about high upfront EV costs and limited charging stations, particulaarly on highways and in cities. They called for incentives and infrastructure development to support market growth.

To improve affordability, the ministry is exploring partnerships with financial institutions to offer consumer-friendly EV financing.

The government is also pushing to shift from imported Completely Built Units (CBUs) to locally assembled Completely Knocked Down (CKD) vehicles.

"Encouraging CKD production will reduce costs, support domestic industry, and create green jobs," Moriani said.

The ministry highlighted the need for a regulatory framework for motorcycle retrofitting to ensure quality, safety, and legal clarity for providers and consumers.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Public Notice

Beware of Fraudulent Schemes Misusing the Name of Bridge Securities Pvt. Ltd

Fraudulent individuals and entities may misuse the identity of Bridge Securities Pvt. Ltd or falsely impersonate its directors or executives to deceive the public through unauthorized communication channels, fake profiles, and misleading information.

We strongly advise our clients and the general public to exercise caution and remain vigilant against such scams.

Please note:

  • Bridge Securities Pvt. Ltd has no affiliation with any unofficial pages, profiles, apps, or WhatsApp numbers.
  • We never request OTPs, personal information, funds, or investments through unofficial platforms.
  • All communication from Bridge Securities Pvt. Ltd is conducted only through our official phone numbers, website, email, social media handles through official representatives.

For your safety:

  • Always verify the authenticity of any communication before engaging.
  • Make sure that you are dealing with licensed entities and registered professionals by conducting research from the PSX and SECP websites.
  • Regularly visit SECP, PSX, CDC, and NCCPL websites for authentic updates.
  • Transact only through official banking channels linked to licensed brokers.
  • In case of any ambiguity it is recommended to contact and verify the information through our official representatives.

Official Channels:

  • Website: www.bspl.com.pk
  • Email: accounts@bspl.com.pk
  • Social Media: Not Available
  • Helpline: 0321-8400111

Shareholder Agahi – Your Gateway to Shareholder Insights

Pakistan’s first comprehensive platform, developed by PICG and CDC, dedicated to enhancing shareholder awareness and empowerment.

Discover Shareholder Agahi- Your one-stop hub for real-time shareholder updates, rights, and governance insights. Empower yourself with accurate information.Explore the portal: https://www.shareholderagahi.com/ Watch the tutorial (Urdu): https://www.youtube.com/watch?v=O7iCRiKJ37A

This will close in 20 seconds