Staff Reporter
Islamabad
Advisor to Prime Minister on Climate Change Malik Amin Aslam has said that efforts are being paced up to implement the country’s Electric Vehicle Policy (EVP), because it aims to open up new vistas of economic, employment and environmental opportunities as well as benefits.
Addressing a high-level inter-ministerial meeting on Electric Vehicle Policy here on Tuesday, the Advisor to PM stated that policy and economic incentives will also be extended to the auto manufacturing sector to produce electric vehicles locally.
Held here at the Ministry of Climate Change, the high-level inter-ministerial meeting was attended by the representatives of the Ministry of Industry and Production, Ministry of Finance, Auto Industry Development Committee (AIDC), Pakistan Auto Parts Manufacturers Association (PAAPAM) and Engineering Development Board (EDB).
The meeting agenda included discussing and finalizing the modalities regarding 2-3 wheelers, its import, manufacturing infrastructure and parts with all relevant stakeholders including AIDC and Pakistan Association of Automotive Parts & Accessories Manufacturers (PAPAAM) and send them to Economic Coordinating Committee (ECC)for approval.
Listing benefits, Malik Amin Aslam said that possible benefits of EV penetration include decrease in emissions from transport sector, reduction in fuel import bill, saving of exchequer and enabling the localization of EV manufacturing, enabling Pakistan to become part of the global value chain of EV manufacturing.
It was unanimously agreed upon at the meeting that for two and three wheelers and buses incentive package was in order and suggested by the meeting participants the same may be submitted to ECC for approval.
