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New Auto Policy 2021-26 to Focus on Promoting Electric Vehicles

The forthcoming new auto policy would focus on electric vehicles as well as growth and development of the automotive industry together with affordability, quality, availability and indigenization.

Related: New Auto Policy 2021-26 to Focus on Affordable Cars

In consultative sessions with auto sector stakeholders to discuss the Auto Industry Development & Export Plan (AIDEP) 2021-26, Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar said that the government would like to see an increased footprint of electric vehicles to improve the environment and to reduce oil import bill.

According to news report published in Dawn, the representatives of Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Auto Parts & Accessories Manufacturers (PAMA) held separate meetings with the minister. Commerce Adviser Razak Dawood was also present.

Related: Auto Sector Demands Car Scrappage Policy

The minister suggested to both associations to table suggestions to reduce the prices of small cars to bring the cost within the affordability of lower middle class of the country. Both PAMA and PAAPAM lauded government efforts to formulate the policy as unanimously accepted by key players.

Meanwhile, in another de­­v­elopment the local industry has sought the government’s support and a policy for hybrid electric vehicles (HEVs). According to the industry, HEVs are a better option for consumers than the fully electric vehicles (EVs).

Source: Dawn

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