Explanation

Prime Minister Shehbaz Sharif formally launched Pakistan’s New Energy Vehicle (NEV) Policy 2025-30 on August 26, 2025. The policy aims for 30% of new vehicles sold to be electric by 2030, reducing fuel imports and boosting local EV production and charging infrastructure. Key details include: Launch Date: August 26, 2025. Key Target: 30% of new vehicles to be electric by 2030. Incentives: Subsidies for 116,053 electric motorbikes and 3,171 rickshaws (2025-26). Infrastructure: Installing 40 new EV charging stations on motorways. Goal: The policy is expected to reduce carbon emissions by 4.5 million tons and save the country $1 billion annually in fuel costs. Impact: The policy also aims to cut health costs, encourage local battery production, and includes special support for small enterprises (SMEs).