European Electric Bus Manufacturer to Invest $4 Billion in Pakistan

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ISLAMABAD: In an MoU signing ceremony between the Minister of Science and Technology Fawad Chaudhry and the CEO of a European Electric Bus Manufacturing Company EGV, the minister told the media that the said manufacturer will invest $4 billion to set up an electric bus manufacturing plant in Pakistan.

Fawad Chaudhry stated in his session with the media that the government is making concrete and focused efforts towards shifting the public transport of the metropolitan cities to electric vehicles. He also specified that the government’s goal is to have at least 20% of the public transport to be converted to electric vehicles all across the country in the near future, as per the National Electric Vehicle Policy (NEVP).

He also announced in the same session that the government has decided to install electric vehicle (EV) charging stations on motorways across the country. He said that the country shall see progress on this particular front within the coming 6 months

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