Syed Saif Ul Hassan 
Oct 24, 2025
An undated image. — APP
The best electric vehicles (EVs) do is save the planet by being eco-friendly, not emitting any carbon emissions. Ever wondered what else they could do to an economy, particularly a drowning one? If so, EVs can save Pakistan approximately $1 billion a year in oil imports.
The billion-dollar savings to Pakistan's unstable economy would mark a significant step towards economic and environmental stability. This was announced during a briefing to the National Assembly’s Standing Committee on Finance, led by Syed Naveed Qamar.
This massive economic saving would come with Pakistan's new EV Policy. Given that EVs have made it to nearly every nook and corner, their eco-friendliness and disregard for fuel are the sweetest fruit they bear
Pakistan's EV Policy, introduced after the federal budget approval, is designed to revolutionise the transport sector and reduce reliance on expensive fuel imports.
While the chair noted that some clarifications were needed, he emphasised the policy's potential for growth and investment.
The policy has received backing from the International Monetary Fund (IMF), which has pledged $1.4 billion in financing, and the International Finance Corporation (IFC), providing $1.8 million for EV infrastructure.
Pakistan currently has over 76,000 operational EVs, with several globally renowned carmakers planning to establish local production facilities in the country.
For the widespread adoption of EVs, the government announced Rs80,000 subsidies on electric motorcycles priced at Rs250,000 and has reduced electricity rates for charging stations from Rs92 to Rs39.7 per unit.
Pakistan is expected to install 3,000 EV charging stations by 2030 and ensure that 30% of all new vehicle sales are electric.
