Policy Brief 21/12/2024
The New Energy Vehicle Policy 2025-2030 is an ambitious road map to transform the whole transportation sector from fossil fuel to electrification in Pakistan. It was designed by the Ministry of Industries and Production in order to curtail dangerous greenhouse gas emissions, reduce reliance on imported fossil fuels, as well as develop green technology. The policy sets key targets of 30% new EV sales in 2030 and 90% by 2040. It will use fiscal incentives, infrastructure development, and local manufacturing to promote the adoption of EVs and address environmental challenges. However, there are areas for improvement in data-driven planning, risk management, and integration with other energy policies. The successful implementation of the policy will require strong mechanisms of implementation, collaboration among stakeholders, and harmonization with global standards.
