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Pakistan: Government Grants 34 EV Manufacturing Licenses

Jawad  09 Apr 2024   236
Pakistan: Government Grants 34 EV Manufacturing Licenses

Pakistan: Government Grants 34 EV Manufacturing Licenses

The Ministry of Industries and Production has recently authorized licenses for 34 companies specializing in the production of Electric Vehicles (EVs), particularly focusing on two and three-wheelers. Engineer Asim Ayaz from the Engineering Development Board disclosed this information during a webinar hosted by the Sustainable Development Policy Institute (SDPI), shedding light on the burgeoning interest in EV manufacturing within Pakistan.

Challenges in Financing and Policy Implementation
Ayaz highlighted a major challenge facing the EV market: the lack of accessible financing options for potential customers, primarily due to the comparatively higher cost of EVs attributed to battery expenses. In response, the Ministry proposes the establishment of EV charging stations at gas stations nationwide, aiming to enhance accessibility and infrastructure for EV adoption. Additionally, Ayaz emphasized collaborative efforts with academic institutions like LUMS and industry partners to drive EV adoption and innovation.

Critical Role of Coordination and Policy Frameworks
Experts at the webinar stressed the significance of coordinated efforts between governmental bodies and relevant departments for effective policy implementation and the establishment of a conducive tariff structure. The transition from traditional fuel-based automobiles to EVs necessitates optimized funding mechanisms and stakeholder collaboration across both public and private sectors.

Investment in Battery Technology and Global Funding Opportunities
Dr. Naveed Arshad emphasized the imperative for research and development in battery technology, underscoring the need for enhanced capital and technical resources. He advocated for tapping into international climate financing opportunities to support Pakistan's EV transition, aligning with global efforts to mitigate carbon emissions.

Industry Perspectives and Infrastructural Development
Ahmed Sajeel highlighted the resistance from Japanese automobile companies towards EVs, urging for a sustainable policy framework to accelerate EV adoption. Midhat Waris discussed Shell Global's EV charging initiatives and emphasized strategic partnerships for infrastructure development, while Dr. Aazir Anwar Khan emphasized the socio-economic impact of EV adoption, particularly on the middle class reliant on two and three-wheelers.

Path Forward: Local Manufacturing and Climate Financing
Abdul Hadi advocated for local manufacturing to facilitate EV transition, emphasizing the need for a robust motor manufacturing system and infrastructure development. Malik Arsalan stressed the importance of tapping into climate financing to support EV initiatives, while Dr. Khalid Waleed highlighted the potential of hybrid EVs and renewable energy financing to drive sustainable transportation solutions in Pakistan.

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