PTI government unveils new Electric Vehicles Policy in collaboration with the stake holders

PTI government unveils new Electric Vehicles Policy in collaboration with the stake holders

ISLAMABAD - PTI government unveils new Electric Vehicles Policy in collaboration with the stake holders.

Advisor to Prime Minister of Industries & Production, Commerce, Textile and Investment Abdul Razzak Dawood chaired the 30th meeting of Auto Industry Development Committee (AIDC) to discuss local manufacturing Electric Vehicles, organized by Engineering Development Board (EDB) Ministry of Industries and Production.

Advisor to the PM, while announcing the way forward, urged that “Make in Pakistan” will be supported in each policy including EV Manufacturing, the imports will be discouraged and provision of jobs to youth will be targeted while aiming to achieve environmental goals. ------------------------------

All major stakeholders including Pakistan Automotive Manufacturers Association (PAMA), Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM), Senior officials from Ministry of Industries & Production, Engineering Development Board, Federal Board of Revenue, Planning Commission of Pakistan, Ministry of Science and Technology, Ministry of Commerce, leading car manufacturers, truck & bus manufacturers, 2-3 wheeler manufacturers attended the meeting.

Replying to a query by PAMA, the advisor announced that the EV Policy is the domain of Ministry of Industries and Production (MoIP) as per rules of business and EDB has been designated at the secretariat of EV Policy. He authorized the preparation of a policy to EDB and asked to submit the first draft within a month.

The entire automotive sector expressed relief on the announcement by the advisor that the task is handed over to a technical organization which is the most relevant body working for the promotion of the automotive sector.

Various tariff and non-tariff proposals were discussed in the meeting. The participants were of the view that the advisor may grant them 15-20 days for the submission of concrete proposals on local manufacturing of EVs. Chairman EDB advised the participants from various segments of the automotive sector to expedite the submission of their proposals to EDB in view of the timeline given by the Advisor ------------------------------

The investment under the Auto Development Policy (ADP 2016-21), proposals by various companies to invest in EVs under ADP, standardization of equipment, promotion of localization, exports of parts and components in the long run, employment generation and positive impact on national exchequer were the main discussion points in the meeting.

Advisor to PM also emphasized that the policy will be prepared to best suit the needs of our country.

In addition, the investment made in the part manufacturing will also be safeguarded. Explaining the importance of EVs, he emphasized that synchronized efforts are required to shift to EVs in order to achieve the best possible results.