Electric Cars Save Rs.109 Billion Every Year

The draft Electric Vehicle Policy EVP the electric vehicles can save the estimated amount of Rs. 109.6 billion every year. Electric Cars Save Rs.109 Billion Every Year.

The Ministry of Climate Change has prepared the policy draft on the orders of the prime minister of Pakistan. The use of electric vehicles will bring many benefits to the economy of the country. You can watch one of the significant benefits of electric car is that they are fuel efficient and we can save fuel, which will reduce the import of fuel and it will help to strengthen the balance of payments.

As a result of using electric vehicles, the saving on fuel is estimated at Rs.54.5 billion per year. The draft policy has the purpose to increase the number of electric vehicles, which are sold in Pakistan to over 90% by 2040. The electric vehicle policy is prepared by Ministry of Climate Change and it has set different targets including sale of 100,000 electric cars, jeeps, vans and small trucks in next 5 years. The ministry has the aim to increase the number to 60,000 electric vehicles sold annually by 2030 .