SIFC Prioritizes Electric Vehicle Industry Development in Pakistan

Islamabad: The Special Investment Facilitation Council (SIFC) is concentrating on advancing the electric vehicle (EV) industry in Pakistan, aiming to foster growth through partnerships with international firms and the development of necessary infrastructure. The initiative seeks to achieve a target of 30 percent electric vehicle usage by 2030, in line with the new National Electric Vehicle Policy.

According to Ministry of Information and Broadcasting, The expansion of the electric vehicle market in Pakistan is being significantly supported by several Chinese companies. SIFC is channeling private investments amounting to $250 million into the sector, enhancing the establishment of EV units and charging facilities across the country. This strategic collaboration is expected to bolster the EV industry and contribute to the broader adoption of electric vehicles in the coming years.