According to a report by the Asian Development Bank (ADB), Pakistan will need to set about 25,000 charging stations for EVs by the year 2030. According to the findings, the government should collaborate with private enterprises to invest in a charging infrastructure rollout plan.
Electric vehicles have the potential to lessen the demand for imported oil, which makes for a hefty chunk of the country’s import cost at present.
Crude oil and LNG imports accounted for over 13.5 percent of Pakistan’s total import bill in FY2021-22, according to the SBP’s annual report.
The trade deficit will shrink substantially as a result, improving the country’s overall trade balance.
Pakistani representatives took part in the Green Grids Initiative, which included providing legislative audiences with information about the integration of renewable energy sources. The programme also incentivized electric vehicle retailers and manufacturers to offer price reductions to attract more buyers. To encourage the import and production of electric vehicles, the Pakistani Minister proposed a strategy that was accepted by the Federal Cabinet. Honda and Toyota were the two most prominent HEV producers in Pakistan. In Pakistan, only Karakoram Motor produces BEVs.
In addition, the production, retail, and service industries will all benefit from the increase in employment made possible by the widespread use of EVs. Construction of charging stations, battery manufacturing, and software engineering are all sectors that will benefit from the expansion of the electric vehicle industry.
Over 100,000 new jobs are projected to be created in Pakistan’s renewable energy sector by 2030, according to a report from the International Renewable Energy Agency (IRENA).
However, the IEA predicts that by 2030, the global EV sector would sustain 14 million jobs. Employment opportunities in the supply chain and service industries are included here as well as those in the more obvious areas of EV production, maintenance, and operation.
Consumers’ interest in and purchase of hybrid vehicles in Pakistan was investigated. The results of this investigation show that consumers’ beliefs about HEVs, as well as their own subjective standards and moral norms, play a role in determining whether or not they will utilise or accept HEVs. The positive effects of environmental concerns on customers’ attitudes towards HEVs, personal norms, and subjective standards contribute to a greater propensity for consumers to adopt innovative technologies.
An estimated 64,000 premature deaths in Pakistan were caused by air pollution in 2019, according to a research issued by the World Health Organisation (WHO) in 2021. The transportation sector is a major source of air pollution in urban areas, but the widespread use of EVs has the potential to mitigate this problem.
Electric vehicles (EVs) create zero tailpipe emissions and much less greenhouse gas emissions compared to conventional gasoline-powered vehicles. A major public health concern in Pakistan is air pollution in metropolitan areas, which can be mitigated by the widespread use of EVs.
IEA estimates that the world’s CO2 emissions may be cut by as much as 1.5 gigatons by 2030 if more people started using electric vehicles. Electric vehicles (EVs) have the potential to assist Pakistan cut its greenhouse gas emissions and hence fulfil its obligations under the Paris Agreement.
With only 1,017 cubic metres of water per person per year, Pakistan is one of the most water-stressed countries in the world, according to the World Resources Institute.
Producing electric vehicles uses far less water than conventional automobiles, which is beneficial in a region where water shortage is a serious problem.
While EVs could have many positive effects, the industry as a whole still has a ways to go before it can reach its full potential. Inadequate charging infrastructure is a major obstacle.
Charging facilities for EVs must be strategically placed and easily accessible. However, in Pakistan, most EV owners must rely on slow public charging stations or their own homes to keep their vehicles charged.
Because of their limited range and usability, electric vehicles (EVs) have trouble breaking into the mainstream due to a lack of charging infrastructure.
Electric vehicles are more cost-effective to operate than their traditional counterparts, with a typical range of 300 to 400 km per charge and a maintenance cost that is 50 to 70 percent lower.
The typical cost to charge one of these vehicles is about Rs400 for a distance of 100 kilometres, which is between 70 and 80 percent less than the cost of fuel for a normal vehicle. Cleaner air could be achieved with the help of EVs, which have the ability to reduce emissions by 90%.
The high price of EVs is another barrier to their widespread use. A key hurdle to EV adoption in a country where the majority of the population lives in poverty or on a middle-income could be the higher cost of EVs compared to conventional gasoline-powered automobiles.
As battery technology advances and economies of scale are realised, the price of EVs is predicted to fall in the next years. The price of lithium-ion batteries for electric vehicles is predicted to drop by as much as 66% by 2030, according to a report by IRENA.
Finally, robust government backing is necessary for EV adoption. Tax breaks, subsidies, and preferential purchasing programmes are just a few examples of how the government might encourage the EV market to expand.
To enhance EV purchasing intent and support EV development in Pakistan, we may have to make some critical policy suggestions as a result of our findings which offer key insights