Budget 2018-19 electric cars

Last night, the federal government announced the budget 2018-19 which actually encourages the introduction of electric cars in Pakistan.

Dr. Muftah Ismail standing in front of the National Assembly proposed the reduction in the customs duty on the import of electric cars from 50% to 25%. They will also be exempted from 15% regulatory duty, a move which will help bring to attract a wider base of the audience to the electric cars.

The federal government also proposed to withdraw 16% customs duty on the charging stations for the electric vehicle while the import of CKD (completely knocked down) kits for the assembly of electric cars is proposed at 10%.

The environment-friendly transportation options are a necessity in this world but as of now, electric cars are simply a notion in the country with no practical plan for its apparent introduction.

In the last two years, we have seen the auto industry of Pakistan creating a better future for itself since the introduction of Auto Development Policy 2016. Many big players in the global auto industry including Volkswagen, Renault, Hyundai, KIA, etc have partnered up with different companies to produce automobiles in the country.

The new propositions in the budget 2018-19 will help the people eyeing to bring electric vehicles in Pakistan to go forth with their plan while at the same time not worrying about huge taxes and duties that they’ll have to pay.

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