Electric Cars Can Save Pakistan $1 Billion

Pakistan can save more than $1 billion in gross fuel imports over five years by adding around 30, 000 range-extended electric vehicles (REEVs) to the road each year, research demonstrates.

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• Analysts estimate that raising annual REEV additions to 60, 000 could roughly double the projected fuel-saving and emissions benefits, assuming similar operating conditions.

This means a fleet of 150, 000 vehicles. Compared with similar petrol-powered vehicles, the fleet could replace around 1.2 billion liters of petrol and avoid regarding 2.7 million tons of operational carbon emissions over the period. Govt Expects Inflation to Remain High.

For context, the actual savings would depend on factors including vehicle mileage, the source of electricity applied for charging and how often the vehicles operate on electric power.

Meanwhile, the economic case for electric vehicles has additionally been highlighted in Future on Wheels, a policy viewpoint published by the Pakistan Institute of Development Economics (PIDE) in December 2024.

It remarked petroleum imports account for a significant share of Pakistan's import bill and greater EV adoption could reduce the country's exposure to fluctuations in international oil costs. REEVs could provide an intermediate option while Pakistan's charging infrastructure develops.

REEVs employ an electric motor to drive the vehicle. Some current models can travel around 150 to 180 kilometers on battery power under suitable conditions. This means plenty of daily trips can potentially be covered through home charging.

Some users who charge mainly through rooftop solar have documented monthly savings of up to Rs. 65, 000 after shifting regular travel from petrol to electricity. Actual savings vary depending on mileage, electricity costs and charging patterns.

Pakistan Customs has classified qualifying REEVs under the tariff category covering vehicles propelled solely by an electric motor.

Electric vehicles are additionally expanding into lower rate segments. Smaller models, including the lately introduced Chery Q, are available in the roughly Rs. 4 million to Rs. While a number of electric motorcycles are priced below Rs, 5.5 million range. 300, 000.

Analysts estimate that raising annual REEV additions to 60, 000 could roughly double the projected fuel-saving and emissions benefits, assuming similar operating conditions. New Auto Policy Worries Car Industry.

They have pressed a stable auto policy covering at least 10 years, along with affordable financing and wider charging infrastructure. They additionally recommended gradually linking incentives to local production, manufacturing scale and consumer protection.

While administration policy should focus on reducing Pakistan's dependence on imported fuel, manufacturers should compete on vehicle quality, running costs and after-sales service. Stay Connected with ProPakistani.

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For now, electric Cars Can Save Pakistan $1 Billion remains the part of the story worth watching, and further updates are likely as more details are confirmed.