The Pakistani government is set to announce a new electricity tariff for electric vehicle (EV) charging stations on Wednesday.

According to sources, the new tariff will be PKR 39 per kilowatt-hour (kWh), significantly lower than the existing commercial and industrial rates. The move aims to accelerate the adoption of EVs across the country.

In November, Pakistan unveiled a five-year policy to promote electric vehicles and reduce the nation’s dependency on imported oil. The policy outlines ambitious targets, aiming for 30% of all vehicles sold in the country to be electric by 2030.

The goal is to increase the EV market share by 30% for two, three, and four-wheelers by 2030 and to establish 3,000 charging stations.

The steering committee on EVs emphasized that Pakistan’s oil import bill could surge by $64 billion by 2060 if current trends continue. The introduction of EVs is projected to save billions in import costs, contributing to the country’s economic stability and environmental goals.