The auto industry has asked the government to develop a separate policy to encourage local assembly of electric cars, as well as incentives for vendors to reduce their reliance on imported parts.
On Friday, Indus Motor Ltd Company Ltd Chief Executive Ali Asghar Jamali presented Minister for Industries Hammad Azhar with a demand for an independent hybrid vehicle policy similar to the government’s approved Electric Vehicle (EV) Policy in December 2020.
As per sources, a recent meeting chaired by Mr Azhar at the Ministry of Industries agreed that hybrid vehicles would be protected in the new Auto Policy, which is expected to be finalized in the coming months. In June, the current five-year policy will come to an end.
Mr Jamali told the media after meeting with the industries minister that local assembly of hybrid cars could take up to two years after the policy is approved, adding that there are a number of measures to achieve roadworthiness.
