Deal reached for EV infrastructure

LAHORE:

In a major step towards strengthening Pakistan’s electric vehicle (EV) infrastructure, an agreement has been signed between a Chinese and a Pakistani company for the sale of EV charging piles and setting up charging stations.

Both companies – Zhuhai Comking Electric Co Ltd and E-Trade Nexus – said they were committed to supporting Pakistan government’s vision of green energy and widespread adoption of environment-friendly EVs. This partnership is expected to accelerate Pakistan’s transition to clean and sustainable transportation.

Speaking on the occasion, E-Trade Nexus Director Global Business Najamul Ghani highlighted a significant reduction in electricity tariffs for EV charging stations in Pakistan. The tariff has been slashed by approximately 44%, from Rs71.10 to Rs39.70 per unit, making EV charging more affordable for consumers and investors alike.

“This initiative aims to promote EV adoption, slash transportation costs and reduce reliance on imported fossil fuels,” he said.

He explained that the reduced tariff could potentially lower travel costs up to threefold compared to traditional petrol or diesel vehicles, making electric mobility a more viable option for the masses.

To facilitate the expansion of EV charging infrastructure, the government has streamlined the approval process for setting up charging stations, allowing for business registration and operations within just 15 days through an online portal. This step is expected to encourage more businesses to invest in EV charging facilities.