{
  "id": 12859884,
  "title": "30% New Cars in Pakistan Will Be Electric",
  "url": "https://urgent.news/2026/10/08/30-new-cars-in-pakistan-will-be-electric",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-08T11:10:59.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/10/08/30-new-cars-in-pakistan-will-be-electric/"
  },
  "original_language": "en",
  "account": "Pakistan anticipates reaching its electric vehicle (EV) adoption goal earlier than initially planned, according to Bloomberg. The government targets EVs to make up 30 percent of new vehicle sales by 2030, following a policy announcement last year. Haroon Akhtar, the prime minister’s adviser on industries and production, revealed that higher fuel costs resulting from the Middle East conflict have reduced the time required for buyers to recoup the higher upfront cost of electric vehicles. Akhtar informed Bloomberg that buyers are now projected to recover the extra cost of an EV within one to one and a half years due to rising petrol prices. Consumers are increasingly acknowledging the financial benefits of transitioning away from gasoline-powered vehicles. Since the Middle East war commenced in February, petrol and diesel prices have surged by 54 percent and 43 percent, respectively, as reported by Pakistan State Oil Company Ltd. The escalating oil prices could also bolster the economic rationale for electric vehicles, as petroleum constituted nearly a quarter of Pakistan’s total imports, totaling $16.9 billion in the year ending June 2026, according to the Pakistan Bureau of Statistics. While a significant transition to electric vehicles will undoubtedly take years due to high vehicle prices and limited charging infrastructure, the government asserts that demand is already gaining momentum, with sales of electric motorcycles and scooters tripling compared to the previous year, and electric car sales doubling. Although industry-wide EV sales data remains undisclosed, Pakistan is actively developing a new auto policy that could be submitted to the cabinet within the next two weeks. The government is contemplating tax incentives to narrow the price gap between electric vehicles and conventional cars, according to Akhtar. The policy has been under deliberation since earlier this year but faced delays due to negotiations over tariffs and export requirements. The draft is presently under review by Law Minister Azam Nazeer Tarar, who will incorporate the latest recommendations.",
  "summary": "Pakistan expects to achieve its electric vehicle (EV) adoption target ahead of schedule as rising oil prices make electric vehicles … Read More The post 30% New Cars in Pakistan Will Be Electric appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}