Electric vehicle policy

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The federal cabinet has approved the National Electric Vehicles Policy under which 30 per cent automobile in the country will be converted into electric vehicles. The target set for next four years is to convert 100,000 four wheelers and 500,000 two and three wheeler into electric vehicles. This policy will open new avenues of business and employment besides providing healthy environment and affordable transportation. It will also significantly improve the financial position of the country by reducing the trade deficit.
The local car manufacturers who were very ambitious about the policy have welcomed it and they have already done a lot of home work in this regard. More than 3,000 CNG stations, which had been lying closed due to gas shortage, could be converted into electric vehicle charging stations boosting business activity and opening new job opportunities. New cars and battery manufacturing units will be set up that will also be a good source of job creation.
The most important impact of this policy will be reduction in environmental pollution by reduction in the greenhouse gases. In developed countries, the ratio of emissions of greenhouse gases from vehicles in total volume of environmental pollution is 20 percent whereas in Pakistan it is 40 percent. So with the reduction of environmental pollution, the smog will also be reduced to great extent. Electric motorbikes, rickshaws and cars make 70 percent less pollution and are a cheap source of transportation.
The cost of running electric vehicle is one-third of a fuel run automobile. So the production and transportation cost will be reduced that will result in comparatively cheap transportation. The use of electric vehicles would help the government drastically cut import bill of oil, which was said to be $2 billion annually. The electric vehicle policy has many benefits for the individuals, businessmen and particularly for the country.

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