Govt's electric vehicle policy under fire from local industry.

LAHORE -- Local car manufacturers have expressed 'shock' and disappointment at the government's introduction of the first electric vehicle policy.

A Japanese car manufacturer in Pakistan, while talking to The Express Tribune, said 'The approval came as a shock to domestic automobile players whose consent was not sought by government officials on this key issue.'

He further added that local players are in favour of an electric vehicle policy but not at the expense of the domestic industry.

The federal cabinet approved the electric vehicle policy on Tuesday under which 100,000 cars would be imported over a period of five years. The government earlier shared the vision to convert at least 30% of vehicles into electricity-powered by 2030 and aimed to achieve the target by charging only 1% general sales tax on the import of electric vehicles.

Moreover, registration of such vehicles will be free of cost, which will make them affordable for a large number of people.

'We were informed by government authorities that an electric vehicle policy was under consideration and stakeholders would be consulted before its finalisation,' said Hyundai Nishat Motor Chief Financial Officer Norez Abdullah...

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