July 30, 2021

Govt plans incentives for new entrants in electric vehicle push

ISLAMABAD: Pakistan is set to offer fresh incentives to firms planning investments in electric vehicles production in the country in its new auto policy due next year, a government said on Thursday.The country’s efforts to promote EVs to reduce its oil dependence and cut pollution have been stymied so far by a lack of investment and weak demand.A new policy, however, has been under discussion to provide a more focused approach and incentives for carmakers and suppliers over a five-year...