Pakistan: government unveils National EV Policy 2025-2030 with ambitious electrification targets

On June 19, 2025, the Government of Pakistan announced the National Electric Vehicle (NEV) Policy 2025–2030, aimed at accelerating the growth of the electric vehicles (EV) industry. The policy sets a target for 30% of all new vehicles sold to be electric by 2030, increasing to 90% by 2040 and reaching 100% by 2060.

To support this transition, the government introduced a PKR 100 billion (USD 353 million) subsidy program over the next five years for electric two- and three-wheelers. For the upcoming financial year, an initial PKR 9 billion (USD 2.5 million) has been allocated to provide subsidized financing for 116,053 electric bikes and 3,171 electric rickshaws.

The policy also outlines infrastructure init