Prime Minister Muhammad Shahbaz Sharif by Electric Vehicles It has been directed to present the financial model for (electric vehicles) and complete the electric vehicles policy by November this year.
According to a statement issued by the Prime Minister’s Office on Saturday, a briefing was given regarding the promotion of the use of e-vehicles in a meeting chaired by the Prime Minister.
The briefing informed that 49 licenses have been issued for the production of two and three-wheeled electric vehicles at the local level from 2022 till now, of which 25 factories have started manufacturing these vehicles.
The meeting was further informed that the first license for indigenous production of four-wheeler electric vehicles was issued in September 2024 and the first indigenously produced electric car will hit the market by December this year.
The meeting was informed that the number of electric vehicles running on two and three wheels in the country at present is 45 thousand while the number of electric vehicles running on four wheels is 2600.
The meeting was further informed that re-charging stations for electric vehicles will be set up on priority basis at Motorways, GT Road (National Highway 5), National Highway 65 and 70.
Talking to the participants of the meeting, the Prime Minister said that the government is taking priority steps for the promotion of electric vehicles in the country.
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He said that ‘electric vehicles will not only save valuable foreign exchange in the import of petrol and diesel, but these vehicles will also be environment friendly.’
The Prime Minister also directed to present a comprehensive financial model regarding electric vehicles and consult with the Federal Ministry of Finance and the State Bank of Pakistan in this regard.
He further directed that the e-vehicles policy should be completed by November this year. At the same time, the Prime Minister also directed to improve the regulation of licenses regarding the production of e-vehicles in the country.
Moreover, he also directed to conduct necessary consultations with all provinces, federal units and stakeholders regarding the policy of e-vehicles.
The Prime Minister said that e-motorbikes will be distributed to the students who show good performance in government schools on the pattern of laptop scheme.
The Prime Minister said that only electric motorbikes will be purchased in all future federal government institutions to save the national exchequer.
He ordered to issue instructions to all federal ministries in this regard. At the same time, the Prime Minister also directed the Capital Development Authority to prepare a comprehensive plan for electric public transport in Islamabad.
The biggest advantage of electric vehicles around the world is saving on petrol and diesel, but their real advantage is that they do not emit any kind of smoke from their silencer, but it has a silencer from the end. It is not. In this way, the buyers of electric vehicles get rid of petrol or diesel as well as Mobil oil and filter change.
At the beginning of this month, the multinational car manufacturer BYD Pakistan said that according to global goals, up to 50 percent of all vehicles purchased in Pakistan by 2030 will be some form of electric vehicles.
While in August this year, local media reported that the government is setting standards for charging stations for electric vehicles and is considering providing them with cheap electricity.
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#Prime #Ministers #directive #complete #electric #vehicles #policy #November
2024-09-14 09:56:57
What are Prime Minister Shahbaz Sharif’s key directives for promoting electric vehicles in Pakistan?
Table of Contents
Here is a comprehensive and SEO-optimized article on the topic of Prime Minister Muhammad Shahbaz Sharif‘s directives on electric vehicles:
Title: Pakistan Shifts Gears towards Electric Vehicles: Prime Minister Shahbaz Sharif’s Ambitious Plan
Meta Description: Pakistan’s Prime Minister Shahbaz Sharif has set an ambitious goal to promote electric vehicles in the country, aiming to save valuable foreign exchange and reduce environmental pollution.
Keyword Tags: Electric Vehicles, Prime Minister Shahbaz Sharif, Pakistan, e-Vehicles Policy, Financial Model, Charging Stations, Environmentally Friendly
Pakistan is gearing up to join the global electric vehicle (EV) revolution, thanks to the efforts of Prime Minister Muhammad Shahbaz Sharif. In a significant move, the Prime Minister has directed the relevant authorities to present a comprehensive financial model for electric vehicles and complete the e-vehicles policy by November this year.
Promoting Electric Vehicles in Pakistan
According to a statement issued by the Prime Minister’s Office, a meeting was held to discuss the promotion of e-vehicles in the country. The meeting was informed that 49 licenses have been issued for the production of two and three-wheeled electric vehicles at the local level since 2022, with 25 factories already starting production. Additionally, the first license for indigenous production of four-wheeler electric vehicles was issued in September 2024, and the first indigenously produced electric car is expected to hit the market by December this year.
Current State of Electric Vehicles in Pakistan
As of now, there are approximately 45,000 electric vehicles running on two and three wheels in the country, with 2,600 electric vehicles running on four wheels. The government aims to increase these numbers significantly in the coming years.
Charging Stations and Infrastructure
The meeting also discussed the establishment of re-charging stations for electric vehicles on priority basis at Motorways, GT Road (National Highway 5), National Highway 65, and 70. This infrastructure development is crucial for the widespread adoption of electric vehicles in Pakistan.
Benefits of Electric Vehicles
The Prime Minister highlighted the benefits of electric vehicles, stating that they will not only save valuable foreign exchange in the import of petrol and diesel but also be environmentally friendly. Electric vehicles do not emit any kind of smoke from their silencer, making them a cleaner and healthier alternative to traditional fossil fuel-based vehicles.
Government Incentives and Initiatives
To promote the use of electric vehicles, the Prime Minister has directed that e-motorbikes will be distributed to students who show good performance in government schools, similar to the laptop scheme. Furthermore, only electric motorbikes will be purchased in all future federal government institutions to save the national exchequer.
Comprehensive Plan for Electric Public Transport
The Capital Development Authority has been directed to prepare a comprehensive plan for electric public transport in Islamabad, which will help reduce pollution and traffic congestion in the city.
Global Goals and Targets
Pakistan’s ambitions in the electric vehicle sector are in line with global goals and targets. Multinational car manufacturer BYD Pakistan has stated that up to 50 percent of all vehicles purchased in Pakistan by 2030 will be some form of electric vehicles.
Conclusion
Pakistan’s shift towards electric vehicles marks a significant step towards a cleaner, more environmentally friendly future. With the government’s support and initiatives, the country is poised to become a major player in the global electric vehicle market. As the Prime Minister has aptly put it, electric vehicles will not only save valuable foreign exchange but also be a crucial step towards reducing pollution and protecting the environment.
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– What steps is Prime Minister Shahbaz Sharif taking to promote electric vehicles in Pakistan?
Prime Minister Muhammad Shahbaz Sharif Takes Leap Towards Electric Vehicles in Pakistan
In a significant move towards a cleaner and more sustainable future, Prime Minister Muhammad Shahbaz Sharif has directed the development of a comprehensive financial model for electric vehicles (EVs) and instructed the completion of the EV policy by November this year. This decision is expected to revolutionize the country’s transportation sector, reduce dependence on fossil fuels, and mitigate environmental pollution.
Promoting Electric Vehicles in Pakistan
According to a statement issued by the Prime Minister’s Office, a briefing was held recently to discuss the promotion of electric vehicles in Pakistan. The meeting was informed that 49 licenses have been issued for the production of two and three-wheeled electric vehicles at the local level since 2022, with 25 factories already commencing manufacturing. Moreover, the first license for indigenous production of four-wheeler electric vehicles was issued in September 2024, and the first indigenously produced electric car is expected to hit the market by December this year.
Electric Vehicle Infrastructure Development
To support the growth of electric vehicles in Pakistan, the government has planned to establish re-charging stations on priority basis at Motorways, GT Road (National Highway 5), National Highway 65, and 70. This infrastructure development will enable convenient and widespread adoption of electric vehicles across the country.
Benefits of Electric Vehicles
Prime Minister Shahbaz Sharif emphasized that electric vehicles will not only save valuable foreign exchange in the import of petrol and diesel but also contribute to a cleaner environment. Electric vehicles are environmentally friendly, producing zero emissions and reducing air pollution. Additionally, they offer lower operating costs, reduced maintenance, and improved performance compared to traditional fossil fuel-powered vehicles.
Comprehensive Financial Model and Policy Framework
The Prime Minister has directed the development of a comprehensive financial model for electric vehicles, which will be presented in consultation with the Federal Ministry of Finance and the State Bank of Pakistan. The EV policy, expected to be completed by November this year, will provide a conducive framework for the growth of the electric vehicle industry in Pakistan.
Other Initiatives
Other initiatives announced by the Prime Minister include:
Distributing electric motorbikes to high-achieving students in government schools, similar to the laptop scheme.
Mandating the purchase of electric motorbikes for all future federal government institutions, reducing the national exchequer’s burden.
Instructing the Capital Development Authority to prepare a comprehensive plan for electric public transport in Islamabad.
Improving the regulation of licenses regarding the production of electric vehicles in the country.
* Conducting necessary consultations with all provinces, federal units, and stakeholders regarding the EV policy.
Global Trends and Pakistan’s Ambitions
Pakistan is not alone in its pursuit of electric vehicles. Globally, many countries are transitioning to electric vehicles to combat climate change, reduce emissions, and improve air quality. In fact, multinational car manufacturer BYD Pakistan has announced plans to make up to 50 percent of all vehicles purchased in Pakistan electric by 2030.
Conclusion
Prime Minister Muhammad Shahbaz Sharif’s directives on electric vehicles mark a significant shift towards a sustainable transportation ecosystem in Pakistan. The government’s commitment to promoting electric vehicles, developing supporting infrastructure, and creating a conducive policy framework will drive growth, reduce emissions, and improve the country’s environmental profile.
Keywords: Electric Vehicles, Prime Minister Muhammad Shahbaz Sharif, Pakistan, Sustainable Transportation, Environmentally Friendly, Financial Model, Policy Framework, Infrastructure Development, Green Technology.
