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According to media reports, the Pakistani government has partnered with a prominent Chinese company to invest $350 million in national electric vehicle (EV) charging infrastructure, with the goal of promoting electric mobility and decreasing fuel imports. The network could eventually include up to 3,000 stations.
During a ceremony at FPCCI headquarters, the proposal was unveiled by Malik Khuda Bakhsh, Convenor of the Energy Standing Committee of FPCCI. He disclosed that the electric vehicle charging stations will be positioned in a strategic manner along the highway that connects Peshawar and Karachi.
Initial funding for the project is $90 million to set up the stations, with an additional $250 million set aside for manufacture by February 2025.
The goal of the effort is to reduce pollution, increase energy independence, and protect Pakistan’s foreign exchange reserves.
Bakhsh brought attention to the developments in the field of electric transportation, such as the installation of FV flash charging stations. Another point he made was that Chinese investors are showing a lot of interest in Pakistan’s energy industry. He mentioned that a group of Chinese investors will be visiting Pakistan shortly to look into potential opportunities in the Thar Coalfield and other renewable energy projects.
The success of this revolutionary project is dependent on the investors’ ability to secure the necessary documents and have their commercial operations run smoothly, both of which the Sindh government has promised to provide.
