CORPORATE WINDOW: EV transition — in with the new?

Even as the draft of the New Energy Vehicle Policy (NEVP) 2025-2030 predicts a 30 per cent share of new electric vehicles by 2030, 90pc by 2040, and 100pc by 2050, it has not seriously touched the main issue of removing decades-old vehicles responsible for polluting air quality and promoting smog. With business as usual, the government expects to increase its fuel import bill to $64 billion by 2060. The above policy targets new sales of NEVs with an ambitious 100pc zero-emission vehicle fleet by 2060, so the fuel bill will gradually reduce and be eliminated by 2060. The NEVP draft, while mainly focusing on 20-year-old vehicles, lacks any serious measures to remove 30- 40-year-old private transport vehicles, many of which are visible on Karachi’s dilapidated roads.