
Pakistan's electric vehicle (EV) market experienced significant growth in 2024, driven by the launch of several new EV models. With a growing number of consumers embracing eco-friendly transportation options, 2024 witnessed a surge in EV launches that are redefining the automotive landscape in Pakistan.
This article provides a roundup of the EVs launched in Pakistan in 2024, highlighting their features, and prices.
Hyundai Ioniq 5
Hyundai launched the Ioniq 5 in March, as an upscale electric option, carrying a price tag that places it well above many competitors.
In Pakistan, its high price means it attracts more buyers searching for a distinctive vehicle and is willing to invest in a brand that has already built its name in the local market.
The Hyundai Ioniq 5 features a tech-savvy space with a fully digitised dashboard and heavy components made of eco-friendly materials. The price of Hyundai Ioniq 5 in Pakistan is Rs20.5 million.
Honri Ve
Honri introduced its EV, Honri Ve, in June. The Honri Ve fits into a price range accessible to upper-middle segment buyers. However, Honri might be unfamiliar to many, and the presence of new names in the market indicates growing competition.
Honri Ve arrives with a Ternary Lithium Battery and Permanent Synchronous motor producing 30Kw maximum power and 84Nm torque, with a maximum speed of 100km/h. Moreover, the electric car’s charging time is seven hours, and its range is 200 kilometres/charge.
The price of Honri Ve in Pakistan is Rs3.9 million.
Gugo GIGI
On the other hand, Gugo launched the GIGI model in July, a price relatable to the Honri Ve. Gugo GIGI catered to those curious about electric options but perhaps had not yet found a model that matched their needs.
Models like the GIGI added options and displayed that there is room for multiple brands to coexist in the same price category. The price of Gugo GIGI in Pakistan is Rs3.9 million.
Deepal S07, Deepal L07
Deepal launched its two EV models, the S07 and the L07, priced above Rs10.5 and Rs10.4 million respectively. With the quality and luxury both variants offer, you’ll be required to spend 5-6 crore to get the same level of luxury from a German brand like Mercedes, Porsche, and BMW.
Deepal L07 is efficiently powered with 254hp and 320Nm torque and boasts a 66.8kWh battery that would offer enhanced battery timings of up to 30% to 80% in 35 minutes, with a 540Km driving range.
Meanwhile, Deepal S07 is powered with 254hp and 320Nm torque, improved battery power of 66.8 kWh, offering a similar 30% to 80% in 35 minutes, and more.
BYD Seal
BYD introduced its EV, BYD Seal, in August, which cost Rs10.5 million. Internationally, BYD is known as a Tesla killer. It is claimed that by the end of December, BYD will beat Honda in annual sales and they’ve outperformed Tesla’s market share in the EV cars segment. The BYD Seal boasts a 61.4 kWh or 82.5 kWh LFP blade battery pack, which can be charged by a DC fast charger at 110 or 150 kW.
BYD Atto 3
On the other hand, BYD launched another model, the Atto 3, in October, priced at Rs9 million in Pakistan. It integrates a 150 kW (201 hp; 204 PS) front-wheel drive electric motor generating 310 N⋅m (31.6 kg⋅m; 229 lb-ft) of torque, powered by BYD’s proprietary lithium iron phosphate (LFP) blade battery.
Kia EV5
Kia remarked on its step into the Pakistani EV market with the launch of the Kia EV5, making it one of the more accessible electric models. The EV5 caters to drivers looking to transition into electric ownership without committing to a very high initial investment. The Kia EV5 in Pakistan costs Rs2.35 million.
Seres 3 CKD
Ending the year with the launch news of the Seres 3, in November. The Seres 3 in Pakistan is priced at Rs8.3 million. The Seres 3 offered another option to those searching for EVs around the Rs8 to Rs10 million bracket. Moreover, its launch indicated that the market was not slowing down.