ISLAMABAD: The government has approved the establishment of charging stations for electric cars on motorways across the country.
According to the initial policy issued by the government, the federal government on Thursday approved the establishment of charging stations for around 40 electric vehicles on the highways and where charges will be collected at the rate of Rs.39.75 per unit.
Apart from this, the government is considering a proposal to provide financing facilities for the production of two and three wheeler electric vehicles.
According to sources, during a meeting held recently, Pakistan Banks Association Chairman Zafar Masood made some suggestions, including the proposal to provide facilities for the production of two- and three-wheeled electric vehicles.
According to Zafar Masood’s proposal, loans can be provided to interested companies at an additional rate of 3 percent on Kaibor so that banks can also benefit from it, but another proposal during the meeting was to provide loans on Kaibor at an additional rate of two and a half percent. be done
During the meeting, the Secretary for Industries said that the matter could be discussed further with the State Bank of Pakistan – he said, highlighting the importance of ensuring that theft of batteries in electric vehicles is prevented. .
During the meeting, satisfaction was expressed over the financing mechanism for the production of these vehicles and it was agreed that the Ministry of Industries, Finance Division and State Bank would mutually improve these regulations.
During the meeting, the Industry Secretary said that the policy draft regarding the production and provision of facilities for electric vehicles is in the final stages of completion and includes regulations, power tariff for charging stations and initially 40 per cent on the motorways across the country. The policy of setting up nearby charging stations is included and in its preparation the Ministry of Industry experts, including those with international experience, are being consulted.
During the meeting, the Additional Secretary identified 40 locations on the motorways from Karachi to Peshawar where charging stations for these vehicles can be set up and said that it will be ensured that there is a minimum distance of 120 km between all the stations. However, all these places are currently owned by the National Highway Authority.
On this occasion, the Chairman of the National Highway Authority (Right of Way) said that the companies and organizations under which these motorways are currently running can be instructed to set up charging stations at these places due to the agreements. .
