In Pakistan, the development journey is going on in the EV and plugin hybrid vehicle industry, with an important role of the Chinese vehicle manufacturer BYD.
With the support of SIFC, foreign investment and local production in Pakistan are increasing and it is being promoted internationally.
The byd is ready to launch an electric vehicle assembling in Pakistan since 2026, which is part of the strategy to promote green energy.
Reuters of the Foreign News Agency revealed that byd will start collecting vehicles with an annual capacity of 25,000 units from August 2025, expecting Pakistan’s EV market to grow three times while BYD is a target of up to 35 %.
Hub Power and Mega Motor participation is a new milestone in EV production in Pakistan, BD scheme helps to increase the export of EV and plugin hebrid vehicles in Pakistan.
The government is helping EV and plugin hybrid vehicle assistance due to a 45 % decrease in power tariffs of EV chargers.
The SIFC facility has improved investment environment for foreign investors in Pakistan.
