Around 38 Electric Vehicles To Hit Capital Roads In December 2020: Fawad Ch
Sumaira FH 1 month ago Tue 27th October 2020 | 03:00 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 27th Oct, 2020 ) :Federal Minister for Science and Technology Fawad Chaudhry Tuesday said that with new 'Vehicle policy' Pakistan would soon become a manufacturing hub for electric vehicles to compete world and by December 2020, almost 38 electric vehicles to hit capital roads.
Minister said that public transport in Karachi, Lahore and Islamabad would be shifted to electric technology soon. In the next six months, the facility of charging electric vehicles will be available on motorways as well.
He said an investment of $2 billion to $4 billion is expected in the electric vehicle sector over the next four to five years, adding, University students have built an electric three-wheeled vehicle for the first time and connecting Pakistani universities to the market.
He said Pakistan is welcoming the investment of private sector and giving incentives to the foreign investors which he described as a good sign," adding that environment-friendly vehicles would bring substantial development to the country.
Fawad said within last 13 months government is striving hard for promoting new energy vehicles technology in Pakistan and manufacturing its local medical equipment after Covid-19 situation which can have a big share in the global market.
He said it was also a welcoming step of present government that world-renowned multinational companies in Europe and China are poised to invest in Pakistan to gain benefits from the country's prudent and business-friendly policies.
Fawad ch also appreciated China's role as Pakistan's key development partner over the years and highlighted the areas of investment, human resource development, information technology, and agriculture to further deepen mutually beneficial cooperation.