This ambitious plan aims to reduce dependence on fuel imports, decrease carbon emissions, and promote sustainable transportation.

During a press conference at an exhibition organized by the Engineering Development Board, Hussain highlighted that 31 companies have shown interest in investing in Pakistan’s EV sector, with two already receiving licenses to manufacture electric vehicles.

He reaffirmed the government’s commitment to supporting the EV industry, including the launch of a second EV policy by the end of November.

In addition to this, the Punjab government is working on introducing electric two- and three-wheelers, offering subsidies to encourage their adoption. For electric motorcycles, Rs4 billion has been allocated to stimulate growth in this area.

As part of its educational initiatives, the government plans to provide 100 electric bikes to students based on merit through a transparent bidding process, aligning with Prime Minister Shehbaz Sharif’s vision of a cleaner and greener Pakistan.

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The minister emphasized the vital role of the private sector in fostering growth within the EV industry, predicting that local manufacturing will begin soon.

With ongoing governmental support and private sector involvement, Pakistan is poised for a sustainable future in electric mobility.