Pakistan’s stock market has seen a noticeable rise in electric vehicle (EV)-related shares following the government’s announcement of a bold EV policy aimed at transforming the country’s transport landscape. The new plan, which sets a target of 30% electric vehicles by 2030 and 90% by 2040, is sparking optimism among investors and industry players.
Several local manufacturers have started gaining attention, including companies like Jolta Electric and Sazgar, both known for their electric bikes and rickshaws. With support from the government and a clear push for cleaner transport, these firms are now seen as key players in the future of Pakistan’s auto industry.
Atlas Honda has also joined the race by preparing to launch its electric scooter, the “BENLEY e.” The company is currently working with authorities to complete safety and roadworthiness tests before bringing the scooter to market.
One of the main reasons behind this positive market trend is the expected drop in fuel imports. As EVs become more common, Pakistan could save billions of liters of fuel each year, easing pressure on the economy and the environment.
However, experts point out that Pakistan must quickly build EV infrastructure, especially charging stations, to support this transition. There are also concerns about safety standards and quality control as demand grows.
Still, the announcement has created strong momentum. Investors are increasingly eyeing EV stocks as a promising opportunity, and if the policy is implemented effectively, Pakistan could take a big leap toward a greener, more self-reliant transport future.
