Numerous media outlets have reported that the Pakistani authorities have collaborated with a leading Chinese firm to invest $350 million into the development of electric vehicle (EV) charging facilities. This initiative aims to foster electric mobility and diminish dependence on fuel imports, with a vision of establishing a network of up to 3,000 charging points.
The declaration was made by Malik Khuda Bakhsh, the Chairperson of the Energy Standing Committee at FPCCI, during an event held at the FPCCI headquarters. He stated that the charging points will be strategically located along the roadway linking Peshawar and Karachi.
The project will commence with a preliminary investment of $90 million earmarked for the establishment of the charging points, while an extra $250 million is set aside for production by February 2025.
This venture is intended to mitigate pollution, boost energy autonomy, and safeguard Pakistan’s foreign exchange reserves.
Bakhsh highlighted recent advancements in electric transport, particularly the launch of FV flash charging points. He also emphasized the significant interest from Chinese investors in Pakistan’s energy sector, mentioning the forthcoming visit of a Chinese delegation to explore possibilities in the Thar Coalfield and various renewable energy initiatives.
The triumph of this groundbreaking venture relies on the investors’ capacity to obtain the necessary documentation and sustain efficient commercial activities, commitments that the Sindh government has pledged to uphold.
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