Auto parts makers criticise electric vehicle policy - News Summed Up

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Auto parts makers criticise electric vehicle policy


Say focus should be on local indust­ry as vehicl­es are not primar­y cause of pollut­ionLAHORE: The auto parts manufacturing industry has criticised the proposed national electric vehicle policy as regional countries like India, Thailand and Indonesia are treating hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV) under one policy to curb fossil fuel utilisation. But this is not the case in Pakistan,” remarked Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) former chairman Mashhood Ali Khan. He said under the electric vehicle introduction plan Pakistan envisaged 30% battery electric vehicles (BEV) by 2030 and salient features of the policy framework should be in line with ground realities. Lastly, from 2031 onwards, EV policy should be executed to achieve targets,” explained the former chairman. “With the import of 60,000 units at 1% customs duty and 5% sales tax, the revenue loss is approximately Rs100 billion.”Published in The Express Tribune, June 13th, 2019.


Source: The Express Tribune June 13, 2019 03:22 UTC



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