The Climate Change Ministry has assigned Rs 1.5 billion for missions under the Green Stimulus ingenuity, which is intended at presenting electric vehicles in the country, Special Assistant to the Prime Minister (SAPM) on Climate Change Malik Amin Aslam proclaimed on Sunday.
While talking to the media, the SAPM announced that there was a necessity to hasten the orientation of electric vehicles in the country to increase the payments of the first-ever Electric Vehicle (EV) Policy.
He further informed the media that under the Green Stimulus initiative, electric buses would be started at the mass transit metro bus itineraries and also a special route in the Federal Capital beginning from Islamabad Zoo to Monal.
“It will help ensure safe, affordable, and emissions-free transport for the citizens and will also encourage the masses to opt for EVs,” he added.
Moreover, the SAPM mentioned that he had not supported the planned taxes on EVs in the federal cabinet seminars and would also remain to promote low tariffs to be executed on the environmental-friendly initiative.
Government reduces sales tax on local EVs from 17% to 1%
In December the government had decided to deliver incentives to EVs under the Auto Industry Development and Export Policy (AIDEP 2021-26).
The plan, announced by the Engineering Development Board of the Ministry of Industries and Production, underlined that custom duty on particular parts of the electric vehicles has been fixed at 1%.
Besides, the policy said that customs duty on the import of EVs entirely built-up (CBU) was reduced to 10% from 25%; whereas customs duty on particular parts of electric vehicle motorcycles, heavy commercial vehicles, and three-wheelers, was fixed at 1%.
Likewise, the strategy draft underlined that imports of automobiles will not be permitted if they do not encounter safety criteria.
“No vehicle shall be locally manufactured/imported after June 30, 2022, which is not compliant with shortlisted WP 29 regulations,” the document read.