New auto policy aims to make cars cheaper and boost EVs

Pakistan’s federal government has introduced a new auto policy designed to reduce vehicle prices and promote electric vehicles. According to Dawn, the policy was announced on Saturday in Islamabad by Information Minister Attaullah Tarar and Adviser to the Prime Minister for Industries and Production Haroon Akhtar Khan. The initiative also aims to strengthen local manufacturing and expand vehicle exports.

As reported by Dawn, the policy is based on six pillars: the promotion of EVs, vehicle safety, transparency, localization, exports, and providing cheaper vehicles, particularly for middle and lower-middle-income households. Haroon Akhtar Khan stated that the Prime Minister introduced a tariff policy intended to lower the import bill for raw materials and reduce manufacturing costs.

While Dawn reports that the prices of all vehicles except luxury models are expected to decrease gradually through annual reductions in duties for assembly plants and completely built units, the Daily Times notes the policy's focus on making cars more affordable and boosting the electric vehicle sector.

Brief written by urgent.news from Daily Times, Dawn — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.