The Ministry of Industries and Production has signed a cooperation agreement with the International Finance Corporation that will promote investment in electric two and three-wheeler vehicles (EVs) in Pakistan.
This advisory project will support policy, regulatory, and standards-related reforms to create an enabling environment for investment across the e2/3Ws value chain, helping to fill market gaps and remove legal and regulatory barriers.
As part of the partnership, IFC will provide technical implementation support and work with key regulators including the Engineering Development Board, National Energy Efficiency and Conservation Authority, and Pakistan Standards and Quality Control Authority to build institutional capacity and streamline the development of the e-2/3Ws market in Pakistan.
