In the budget 2018-19, the government has given many incentives for electric vehicles. And to take advantage of these incentives, Several Memorandum of Understandings (MoUs) have been signed between Rahmat Group and various Chinese companies for the launch of electric vehicles in Pakistan. 25 acres of land has been acquired by Rahmat Group for the construction of electric complex at Nooriabad. Initially, electric buses will be launched to knock at the electric transport market of Pakistan. Then in the next stage, a manufacturing plant will be set up to launch electric vehicles and two-wheelers.
The group is submitting an application to the Board of Investment and Ministry of Industries. And after the approval, the companies will haste to introduce vehicles. At first, CBU units will be imported for introduction within 3-4 months.
Rahmat Group is not the only company to launch electric vehicles in Pakistan, JAC Motors has also announced to introduce electric vehicles in the country soon. The government recently reduced taxes on electric vehicles and Rahmat Group plans to take the lead in making the best of it.