Russian Tech Firm Extends Nano Tubes To Invest In Pak's EV Sector
Faizan Hashmi 4 days ago Wed 11th September 2019 | 06:03 PM
Russian Technology firm Wednesday expressed its interest in investing in the Electric Vehicle (EV) Industry of Pakistan with the latest technology called Nano Tubes
Talking to the delegation, the federal minister said the government was seriously focusing on the issue of climate change and took several steps in this regard.
The adviser said under the leadership and vision of Prime Minister Imran Khan, the government had taken five initiatives to mitigate the effects of climate change namely: Ten billion Tree Tsunami, Ban on Plastic Bags, Clean Green initiative, Electric Vehicle Policy and Green Climate Fund.
Malik Amin Aslam welcomed the offer and informed the delegation that EV policy was on cards and would be approved within a couple of weeks.
Once the policy was approved, he said it would open new horizons in research and development and investment.
"The proposed policy will offer tariff incentives in order to make EV prices at par with conventional vehicles. Pakistan is a huge market for two and three wheelers and there is an immense potential for investment. Currently Pakistan's 43 percent emissions are from transport sector while EV will help reduce emissions by 2/3", he said.
He said their product was microscopic and was widely being used in electric batteries, construction materials, LED screen, solar panels, plastics, tires, conductors and clothes.
"Introduction of Nano materials will add to energy efficiency by making it light weight and minimizing energy losses," he added.