Ministry of Industries and Production will amend the draft of EV policy

Electric Vehicle (EV) policy approved by the federal cabinet faced criticism from significant stakeholders from the auto sector.

Ministry of Industries and Production will amend the draft of EV policyFirst ever EV policy in the country was forward by the Ministry of Climate Change (MoCC) in a meeting was chaired by the advisor to the Prime Minister on Industries & Production, Commerce, and Investment, Abdul Razzak Dawood.

It was decided in a meeting that the EV policy will be redrafted and implemented by the Ministry of Industries and Production (MoIP) with the help of the Engineering Development Board (EDB).

This meeting was attended by major stakeholders like Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM), Pakistan Automotive Manufacturers Association (PAMA), Federal Board of Revenue (FBR), Planning Commission of Pakistan, Ministry of Commerce, Ministry of Industries and Production and leading auto manufacturers.

Mr. Abdul Razzak Dawood stated that the new EV policy would be presented by the Ministry of Industries and Production and Engineering Development Board in a month. He also asserted that would be the domain of the Ministry of Industries and Production.

The auto sector expressed its contentment with this decision as a technical organization will now be heading the EV policy. This makes the most relevance compared to when the Ministry of Climate Change was spearheading the policy.

The meeting also focused on non-tariff and tariff proposals for the EV sector. The Engineering Development Board asked the participants to expedite the submission of proposals for the policy. The main focus of the meeting was on proposals by stakeholders to invest under the Auto Policy 2016-2021 in the EV sector,  employment generation, standardization of equipment, impact on the national exchequer, promotion of localization, and the long-run export of spare parts for EVs.

 The advisor added that the investment in the EV would be safeguarded in order to make this policy successful, a joint effort is required from all the stakeholders. The EV policy will now be drafted in a way to meet and best suit the needs of all the stakeholders and the country.

The chairman of the EDB expressed his gratitude to the advisor for attending the meeting and clarifying ambiguities in the EV policy. It was the 30th meeting of the Auto Industry Development Committee (AIDC). The EDB has assured the committee that it will present the draft within the given time frame. The EDB will emphasize the “Make in Pakistan” agenda in drafting this policy. Only essential parts will be imported for the EVs, and the rest of the parts will have local manufacturing.

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