Inaugural Pakistan EV conference calls for unified action on policy and financing

Conference brings together EV stakeholders to discuss critical industry hurdles leading up to the upcoming EV policy.

Climate Action Centre and Pakistan EV Oversight hosted the inaugural pakistan electric vehicles conference on Saturday, 21st December at Avari Towers in Karachi. This conference aimed to organise key stakeholders of the EV industry to ‘align policies and financial frameworks with the industry’s growth aspirations’ amid the upcoming Energy Vehicle Policy, 2025.

The Chief Guest of the Event was Senator and Chair of the Standing Committee on Climate Change, Sherry Rehman. In her keynote address, she noted the number of motor vehicles will double in the next 10 years. She insisted that pollution is a local problem, and that local stakeholders need to organise to mitigate its effects. 

Zafar Masud, the President of Bank of Punjab, was the Guest of Honour, who delivered a presentation regarding EV financing, in the context of consumers and projects. The panel discussions at the conference highlighted critical challenges and opportunities in the EV industry, emphasizing the need for public-private partnerships to address financing gaps, local manufacturing incentives, and effective policies. 

Experts called for banking incentives to combat vehicle emissions, which significantly contribute to urban pollution, while showcasing successful business-driven solutions like Indrive’s electrification initiatives. Concerns were also raised about the Energy Vehicle Policy 2025 favouring imports over local production, underscoring the importance of aligning policies with industry growth and environmental goals.

To read details click the link: https://profit.pakistantoday.com.pk/2024/12/21/inaugural-pakistan-ev-conference-calls-for-unified-action-on-policy-and-financing/