KARACHI: A Chinese company has announced an investment of $350 million in electric vehicles (EVs) in Pakistan.

With the support of the Special Investment Facilitation Council (SIFC), interest in China’s investment in the EV sector is increasing. In this regard, the Chinese company ADM Group has committed to investing $350 million in Pakistan. Under this project, more than 3,000 EV charging stations will be installed across Pakistan. Sindh will have 1,000 stations, Punjab 1,500, and Khyber Pakhtunkhwa and Balochistan 750 stations.  The ADM Group will provide $90 million for EV charging infrastructure.

Additionally, $250 million is allocated for setting up an EV manufacturing plant in Pakistan. The electric vehicles will have the capability to travel up to 300 kilometers on a single charge. The use of EVs will help reduce carbon emissions and reliance on fuel.  Aligning with green energy goals, Pakistan is on its way to becoming a regional hub for EV manufacturing and infrastructure. The establishment of EV charging stations, supported by SIFC, is a positive step towards the government’s environmentally friendly policies. 

Malik Khuda Bakhsh, the convenor of the FPCCI Energy Standing Committee, stated that a contract has been signed with a renowned Chinese company and the Government of Pakistan to install 3,000 EV charging stations across the country.  He further mentioned that these stations will be installed along the motorway from Peshawar to Karachi, bringing an overall foreign investment of approximately $350 million into the country.

In the initial phase, $90 million will be invested in setting up EV stations, while $250 million will be invested in manufacturing by February 2025. The establishment of EV charging stations will not only reduce fuel imports and save the country's foreign reserves but will also help combat environmental pollution.