ISLAMABAD: At least six companies in Pakistan are currently manufacturingor assembling electric motorbikes, according to officials from theEngineering Development Board of the Ministry of Industries and Production.
According to media reports, the country, aiming for widespread adoption ofelectric vehicles (EVs), has issued licenses to 31 companies under the‘Electric Vehicle Policy 2020-25,’ offering incentives to boost localmanufacturing.
The policy, approved in 2019, envisions electric vehicles capturing 30 percent of all passenger vehicle and heavy-duty truck sales by 2030 and 90 percent by 2040. Ambitious targets have been set for two- and three-wheelersand buses, with a goal of 50 per cent of new sales by 2030 and 90 per centby 2040.
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As per the media reports, Pakistan, the world’s fifth-largest motorcyclemarket, faces significant air pollution challenges due to its 23 millionregistered motorbikes.
The transport sector, responsible for 30 per cent of total carbonemissions, is a key contributor. To address this, tax incentives, includingreduced customs duties and sales tax exemptions, have been introduced underthe EV policy to encourage local manufacturing.
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Meanwhile, a Lahore-based company Zyp Technologies is actively contributingto the mass-market adoption of electric mobility. The company recentlysecured $1.2 million in funding for its battery-swapping electricmotorbikes in Pakistan, aiming for an annual production capacity of 8,000units.
Zyp Technologies plans to set up 60 battery swap stations in Lahore by nextyear, expanding to 4,000 stations across Pakistan in five years.
Another notable player, Pakzon, reports increased sales this year, citingrecord hikes in petroleum prices. Offering motorbikes with two batteryoptions, lithium phosphate and dry gel, Pakzon emphasises reduced fuelcosts, zero noise and air pollution, and almost zero maintenance costsassociated with electric motorbikes.