ISLAMABAD, (Ramsha): “By 2030, up to 50% of all cars sold in Pakistan will have some form of electrification in line with global targets,” said a spokesman for BYD Pakistan, a joint venture between Chinese EV magnate BYD and Pakistani auto group Mega Motors.
Just last month, BYD announced its entry into the Pakistani market, with BYD Pakistan launched three models for sale as well as plans to open an assembly plant in the country in early 2026, according to a report published by Gwadar Pro on Tuesday.
Kamran Kamal, CEO of HUBCO, the parent company of Mega Motors, stressed in an interview, “I think the conversion rate of NEVs will be as high as 50% by then.”
Yet, Muhammad Abrar Polani, automotive industry analyst at Arif Habib Limited, emphasized that a 30% penetration rate of NEVs in this country by 2030 is achievable, but achieving a 50% target may be more challenging due to infrastructure barriers.
In response, the Pakistani government plans to take incentives to meet the challenge. As the Pakistani government is considering providing affordable electricity for electric vehicle charging stations, the country’s Ministry of Power has begun drafting standards for electric vehicle charging stations.
A report titled Low Carbon Development in Pakistan: Opportunities and Challenges for Chinese Private Sector lately released by the Sustainable Development Policy Institute (SDPI) showed that it will cost about USD 57 billion to achieve the overall decarbonization of Pakistan’s transportation industry, of which USD 29-30 billion will be needed for the electrification of transportation vehicles, and USD 2-3 billion for the construction of supporting infrastructure.
