Electric cars is Future of automobile industry and according to Bloomberg report in 2050 almost 75% world vehicles shifted on electric cars. There is no doubt about electric cars being the future of the auto industry around the globe. Perhaps so many developed countries have already shifted towards the production of electric vehicles to reduce the carbon footprint from the environment.
The aim of the Prime Minister of Pakistan to shift towards electric mobility is in its initial phase as the electric vehicle (EV) policy was recently approved by the parliament. As a major benefit of the introduction of electric cars in Pakistan, the annual oil import bill of the country is expected to reduce by $2 billion, as said by the adviser to Prime Minister on Climate Change Malik Amin Aslam.
Aslam added that the policy aims to provide cheaper transport, as the cost of running electric vehicles is considerably lower than that of gasoline, Compressed Natural Gas (CNG) or other types of fuel.
He informed the media that over 3,000 CNG stations that had been shut down due to the natural gas shortage will be transformed into EV charging stations adding that,
The introduction of electric car in Pakistan had become inevitable. To counter these environment-related issues, the PM of Pakistan had issued directives to formulate an electric vehicles policy which was recently presented in the parliament and got an approval. The introduction of electric cars will have an extremely positive impact on the overall condition of our environment and will offer several benefits to the consumers and the economy.

Electric Vehicles will have a Positive Impact on the Pakistani Economy

Reduce annual oil import bill

Pakistan is currently going through a tough phase of the economic crisis, which has caused inflation in every sector of the country. The auto industry is also in deep waters due to a sharp decline in the value of the local currency against the US dollar. The car sales have dropped significantly due to sky-rocketing prices of automobiles.
In these circumstances, the introduction of electric vehicles will reduce the annual oil import bill of the country by $2 billion, according to the adviser to PM on Climate Change. He said that electricity is less expensive in comparison to petroleum products and its price also remains more stable.

Reduced car maintenance cost

According to Amin Aslam, the end consumers will be able to save up to 30% on the maintenance cost of the vehicles. Unlike combustion engine vehicles, electric cars don’t require any petroleum aid or other relevant maintenance parameters.
The consumers don’t need to change any engine oil, and the only major maintenance includes the suspension, braking, tires, and battery of the vehicle. At the same time, electric cars will be offering more comfort and convenience to its users. The introduction of EV policy is the first step towards making the environment clean and green. The overall environmental degradation has been largely contributed by the conventional smoke emitting vehicles.
The carbon emissions from these vehicles also contribute to the greenhouse gases in the atmosphere, which has caused a drastic climate change over the years. In the case of electric vehicles, no such carbon dioxide is released in the atmosphere, thus keeping the environment pollution-free. With the reduction of pollution, health issues will also decrease eventually. Currently, the emissions from combustion engine vehicles contribute to nearly 40% of the total air pollution in the atmosphere.

Improve transport system in Pakistan

According to the adviser to PM, the electric Vehicle policy will play a vital role in revolutionizing the transport sector of the country. He further stated that the EV policy would give birth to a new economic sector in the country.

Thousands of new job opportunities will be created that will lift up the overall sector. On the other hand, the federal government is also willing to introduce a mass transit system, and for that, provincial governments are being approached. 
Under this new system, electric buses will be launched to achieve pollution and noise-free, inexpensive and comfortable source of commuting for the general public.

On the other hand, while talking to media along with other officials of Pakistan Electric Vehicles and Parts Manufacturers and Traders Association (PEVPMTA), Amin Aslam announced that the local automobile manufacturers in Karachi have successfully made electric vehicle conversion kits. According to him, the cost of converting the combustion engine motorbike into electric with the help of this kit will be around Rs.20,000 to Rs.35,000.

Foreign Investment in Pakistan

Furthermore, the ministry is also holding several meetings with the Japanese ambassador regarding the partnership on the electric vehicle conversion process. Japan has already agreed upon assisting Pakistan in shifting the cars of Honda and Suzuki into electric, which is a positive sign for the country.
Moreover, the electric vehicles run on lithium batteries, and the EV policy will be a huge leap towards boosting up the battery manufacturing industry for electric cars in Pakistan.
China is on top of the leader board in this sector as it’s already producing around 90% of the world’s most advanced lithium batteries and electric cars. Pakistan has very good relations with China, and the country will definitely benefit from the Chinese industrial experience in battery manufacturing and electric vehicles.
Nonetheless, it’s a great initiative by the government to shift to electric vehicles to reduce the carbon footprint.Some Key Facts about Electric Vehicles

  1. First successful electric car in the United States was unveiled around 1890 invent by William Morrison, had a top speed of 14 miles per hour and could hold up to six people.
  2. Not all electric cars are same Some are plug in hybrids, which have a gas/diesel engine and an electric motor. Others, known as ‘electric battery’ just use electricity.
  3. International Energy Agency says there are over 2 million electric cars in use, and 750,000 were sold across the world last year 2018.
  4. Plug-in electric cars can save you money, with much lower fuel costs on average than conventional gasoline vehicles.
  5. Electric cars are usually created by replacing the fuel tank and gasoline engine with electric motors, batteries, and controllers, the result is a car that is heavier and less efficient than a car solely running on electricity.