Lahore: The electric vehicle (EV) and plug-in hybrid vehicle industry in Pakistan is rapidly growing. BYD, a leading Chinese electric vehicle company, has decided to start assembling vehicles in Pakistan with an annual production capacity of 25,000 units from 2025. Additionally, by 2026, BYD will begin fully assembling electric vehicles in Pakistan, with an expected market share of 35% in the country’s EV sector.
Government initiatives are also playing a significant role in promoting the EV industry in Pakistan. The government has reduced the power tariff for EV chargers by 45%, which is expected to boost the popularity and use of electric vehicles in the country.
Furthermore, the partnership between Hub Power and Mega Motors will mark a new milestone in the local production of EVs, benefiting the local economy and strengthening Pakistan’s position in global green energy initiatives.
Conclusion:
This marks a new era for the EV and plug-in hybrid vehicle industry in Pakistan. Thanks to BYD’s assembly operations, government actions, and other strategic partnerships, Pakistan is emerging as a key EV market. This will not only stabilize the local economy but also play a crucial role in advancing global green energy efforts.
