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Draft auto policy to offer relief for electric vehicles, reports say

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At a glance

  • A new draft auto policy has reportedly been approved by a sub-committee.
  • The policy is expected to provide "substantial relief" for electric vehicles.
  • No major relief or price cuts are anticipated for conventional petrol cars.

Story so far

Pakistan's new auto policy, which has been delayed for months, is reportedly close to being finalized. According to available details on the draft, the policy will focus on promoting New Energy Vehicles (NEVs) by offering "substantial relief" and subsidies. In contrast, no significant price reductions or relief measures are expected for traditional petrol and diesel cars. The delay in the policy's announcement has created uncertainty in the automotive sector.

Latest development

A new draft auto policy, which has been facing delays, will reportedly offer substantial relief and subsidies for New Energy Vehicles (NEVs), including electric cars. However, reports suggest no major price relief is planned for conventional vehicles.

Sources and updates

Usama MehboobUsama MehboobEditor
Categories: Business & Economy
Tags: , , ,

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