Carmakers force govt to scrap EV policy
The Pakistani government has scrapped a newly proposed auto policy following pressure from conventional car manufacturers who viewed the shift toward electric vehicles as a threat. Consequently, the expiration of the previous policy has led to an automatic increase in GST on hybrid vehicles from 8.5% to 25%.
Why it matters
This policy reversal highlights the tension between traditional industrial interests and the global transition toward sustainable energy in emerging markets.
--> Home Business Carmakers force govt to scrap EV policy Hybrid vehicle prices jump after auto policy expires as GST reverts to 25%
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> Pakistan in March announced a new auto policy that favours potential new entrants over existing manufacturers. PHOTO: PAK SUZUKI ISLAMABAD: Auto giants have managed to get the newly proposed auto policy scrapped, and the government has restarted the process to address concerns pertaining to electric vehicles, which pose a serious threat to conventional carmakers.
The Ministry of Industries and Production had drafted a new auto policy after consultation with different stakeholders, and the main focus was on promotion of electric vehicles in the backdrop of US-Iran war.
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