Pakistan Govt recently announced that to reduce the duty of Electric cars 1%.
As per new policy, only 1% tax will be levied on the import of EV parts for manufacturers, while the government also waived the registration and annual renewal fee of EVs for the ICT sector.
There will be only 1% sales tax for locally made EVs up to 50KWH and light commercial vehicles up to 150KWH.
The duty on import of charging equipment has now been capped at 1%, while the Federal Excise Duty (FED) already does not apply to EVs.
Plant and machinery for manufacturing of EVs will not be free of duties.
The 11 best electric cars to buy in 2021
- Mini Electric.
- Vauxhall e-Corsa.
- Hyundai Kona EV.
- Audi e-tron.
- BMW i3.
- Nissan Leaf. One of the first to take the electric plunge, the Nissan Leaf now looks a lot better and goes a lot further: 168 miles between top ups. ...
- Mercedes EQC.
- Honda e.
An electric car is a car which is propelled by one or more electric motors, using energy stored in rechargeable batteries. The first practical electric cars were produced in the 1880s. Compared to internal combustion engine (ICE) cars, electric cars are quieter, have no exhaust emissions, and lower emissions overall.