ISLAMABAD: Minister for Industries and Production, Rana Tanveer Hussain says enormous incentives are being given to foreign investors for the establishment of electric vehicles’ plants in the country.
Addressing a news conference in Islamabad today, he said that the introduction of electric vehicles would help reduce pollution and significantly lower the country’s oil import bill.
The Minister said that a subsidy worth four billion rupees has been allocated for the promotion of electric two-wheelers and three-wheelers.
He said banks will offer soft loans to facilitate the public’s transition to electric vehicles.
Under the subsidy plan, the government will provide 40,000 electric motorcycles to the general public, out of which, 120 electric motorcycles will be distributed free of charge to the country’s top-performing students as part of a special initiative to reward academic excellence.
Rana Tanveer Hussain further said that about three thousand charging station will be established across the country for the charging of electric vehicles.
