Pakistan is witnessing a notable rise in foreign investment and local manufacturing of electric and plug-in hybrid vehicles due to the support of Special Investment Facilitation Council.
According to Reuters, Chinese electric vehicle giant BYD will start electric vehicle assembly in Pakistan from next year.
Pakistan’s electric vehicle market is projected to grow threefold in the coming years. BYD aims to capture up to thirty-five percent of the market share.
The collaboration between Hub Power Company and Mega Motor marks a significant milestone in the development of electric vehicle production in the country.
