Electric car policy will be introduced in next 2-3 weeks,says hammad azhar
- The federal government will announce a policy for electric four-wheelers in the next two to three weeks.
- Hamad Azhar said that the Automotive Development Policy was formulated in 2016 and is due to expire in June 2021.
- Minister for Industry and Production revealed that the government is ready to provide protection to the industry, including tariffs for the automobile sector, but now the concerns are high.
policy for Electric car
The federal government will announce a policy for electric four-wheelers in the next two to three weeks, while the government has already announced a policy for two- and three-wheeled electric vehicles.
Federal Minister for Industry and Production Hamad Azhar said the Electrical Vehicle Policy would be introduced in the next two to three weeks, focusing on the automobile industry, but would have to wait until June for overall measures. It is also beneficial for us to have time to address the challenges and opportunities in this area, at which time we can better prepare ourselves to work in this area and review the initiatives.
He said that the manufacture and assembly of both smartphones and feature phones has multiplied in Pakistan in the last one year and automobile manufacturers are now interested in setting up new plants or expanding their existing plants in Pakistan.
Hamad Azhar said that the Automotive Development Policy was formulated in 2016 and is due to expire in June 2021. Until this policy is abolished, we cannot do anything for this class, but then we will have the opportunity to work in this field and the Law Minister has said that the law to promote the automobile industry in Pakistan Need to build.
He said that several automobile companies which are not yet operating in Pakistan have also shown interest in operating in the country, adding that the companies which already have plants in Pakistan have expanded their operations and more Wanting to expand its business, Hammad Azhar said that Toyota Pakistan has started the third phase of production while Kia has doubled its production capacity in the country.
He added that the automobile industry in Pakistan was largely protected from “prohibited tariffs”, and that taxes, duties, and other security measures for the local industry had made it difficult for new companies to do business. It was banned for those working from, the previous policy was to give as a gift to someone and it was being severely misused.
The Minister for Industry and Production revealed that the government is ready to provide protection to the industry, including tariffs for the automobile sector, but now the concerns are high. “Once the policy is over, we can take a fresh look at these rates and take any other necessary steps to address the problems of this industry,” he said.
Hamad Azhar was asked whether the new companies would manufacture vehicles in Pakistan or simply set up assembly plants, to which he clarified that initially they would be part of assembly operations but since their tariff concessions would expire after 10 years. , Then they will have the opportunity to produce locally.