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First batch of Youth in Export programme completes training
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Youth in export trainees receive inputs from GEPA and Partners
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Chinese carmakers want the government to incorporate tax and other incentives to encourage investors to ‘localise’ hi-tech EV (electric vehicle) parts in the upcoming Auto Industry Development and Export Programme (AIDEP) 2021-26. File photo
LAHORE: Chinese carmakers want the government to incorporate tax and other incentives to encourage investors to ‘localise’ hi-tech EV (electric vehicle) parts in the upcoming Auto Industry Development and Export Programme (AIDEP) 2021-26 expected to be announced over the next several months.
“The government should let automakers import semi-knocked down (SKD ) kits for a limited period like Bangladesh to help shift investments from low technology to new state-of-the-art automotive technology, creating space for the investors to put their money in the development of hi-tech EV parts like lithium ion batteries, motors, immobilisers, engine control unit (ECU) or battery management system, transmission and so on,” said a senior execu
THE approval of Pakistan’s first electric vehicle policy towards the end of last year has given rise to an ongoing media debate. It has been pointed out that while we are now one step closer to a pollution-free environment, a greener future will depend a lot on the development of fast-charging electric vehicle batteries and the availability of charging infrastructure on roads and highways. The new EV technology is considered a game changer for the environment and promises various benefits to developing countries like Pakistan that are facing chronic balance-of-payments crisis by reducing their fossil fuel imports, and to consumers by slashing their recurring fuel and maintenance costs. However, the adoption of EV technology remains slow even in developed countries despite its salutary impact on the environment and multiple economic advantages for consumers. Pakistan is unlikely to defy this global trend in spite of significant tax and other concessions announced in the policy to es
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