In a few years, billions of dollars will be invested in electric vehicles, Fawad Chaudhry

Federal Minister of Science and Technology Fawad Chaudhry says that billions of dollars will be invested in electric vehicles and medical machinery in a few years.

According to the details, Federal Minister of Science and Technology Fawad Chaudhry said in his statement on the social networking website Twitter that in one year my ministry started 2 new industries, medical machinery and electric vehicle industries did not exist in a few years. There will be an investment of 3 to 5 billion dollars in electric vehicles, while 2 to 3 billion dollars will be invested in medical machinery.

My ministry in a year’s time @MinistryofST has started two new industries in Pakistan, medical machinery and electric appliances industries did not exist in Pakistan. In the next four years, there will be an investment of three to five billion dollars in electric appliances and two to three billion dollars in medical.

— Ch Fawad Hussain (@fawadchaudhry) October 27, 2020

Yesterday, a second agreement was signed with the German company regarding electric buses, on this occasion, Fawad Chaudhry said that before this we signed an agreement with the Chinese company, we were trying to find out how we can reduce the imports, we are trying to use technology ourselves. Mukhtar

The federal minister said that PML-N spent 60 billion dollars on this train, we have to give 12 billion as subsidy per year, as much as the money spent on the train in Lahore, one vehicle might have been given to every Lahori.

He further said that there is innovation in technology every 5-10 years, efforts are being made to shift transport to electric vehicles in cities, electric vehicle chargers will be installed on the highway in 6 months, Fawad Chaudhry.

Fawad Chaudhry said that an investment of 2 to 4 billion will come to Pakistan from the policy, a whole new industry of electric vehicles has been built, and in a few years they will compete with India in electric vehicles.