Pakistan to have 30% vehicles electric by 2030

By 2030, Pakistan intends to have 30% of its cars be electrified. While the news was well received, several people were taken aback. Considering how far Pakistan is now lagging in the electric car race, 30 percent looks like an extremely lofty objective. The market for used automobiles for sale has already been taken over by hybrid vehicles, so it was inevitable.

Why are we switching to electric cars?

Global leaders are promoting eco-friendly goods and condemning companies that are damaging the climate and depleting our natural resources as awareness of climate change and environmental threats grows. Following the Paris Climate Accord, world leaders committed to have a specific number of electric vehicles in their respective nations.

Munir Akram, Pakistan's ambassador to the UN, revealed the information during a virtual meeting of the UN Group of Friends on Climate Change. The meeting's co-chairs were Norway, Denmark, and Pakistan. The Pakistani envoy said that despite being one of the countries with the lowest carbon emissions, Pakistan is nonetheless susceptible to the worst effects of climate change.

The ambassador's comments reflected his Prime Minister's ideology. Even before he was Pakistan's prime minister, PM Imran Khan was widely recognized for his affinity for protecting the environment, cutting back on pollution, and combating climate change.

The world has praised Imran Khan's Billion Tree Tsunami, which he has now expanded to 10 Billion trees. His promise to electrify 30% of Pakistani automobiles by 2030 fits right in with these strategies.

Why are professionals and businesspeople skeptical of this decision?

Although this vow has received praise from people all across the world, both experts and customers are critical. One-half of the detractors claim that this objective is unrealistic and overly ambitious, while the other half advocate setting even higher goals to combat climate change.

Let's start with the former. According to this set of detractors, the electric vehicle market is still in its infancy. They point out that hybrid cars are still too pricey for the typical customer and that they have just lately been available.

Although this worry has some merit, the federal government's New Auto policy addressed it last year. Huge incentives were provided to the electric car sector in accordance with this strategy. Electric vehicles must pay only 1 percent GST, compared to 17 percent for fuel-dependent vehicles.

In order to encourage the use of electric charging stations, which will help increase demand for EVs, the government has also announced plans to lower power tariffs for charging station owners.

It is anticipated that people would wish to switch from their old bikes to electric bikes in order to save money on petrol. Ex-prime minister Imran Khan unveiled a domestically made bike that is anticipated to be in high demand among Pakistani consumers.

Similar to how electric buses will be a significant improvement over the fuel-guzzling buses now in service. They make up a sizable component of the nation's public transportation. Transporters will benefit from lower gasoline costs since it will boost their profit margins, and they will want to take advantage of this.

Additionally, the government owns a sizeable percentage of buses for its personnel as well as for its numerous ministries and educational institutions to use for their students. According to the government's instructions, they can all switch out their present buses with electric ones. This allows for the incorporation of a significant fraction of electric cars.

The second set of detractors, who think that the 30% objective is insufficient, must understand that efforts are being made to combat climate change on all fronts. Pakistan has recently disclosed plans to transition to renewable energy sources for 30% of the nation's energy needs.

The ambassador emphasized that poor nations are under a lot of strain from COVID, poverty, and political turmoil during the same meeting when he unveiled Pakistan's EV future. They will need assistance from the top nations in the globe if they are to move away from a dependence on petroleum and toward an electric future.

It won't be long before used cars for sale in Pakistan are almost exclusively electric vehicles.

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