Islamabad (TDI): Pakistan State Oil (PSO) and Hub Power Holdings Limited (HPHL) have signed an MoU to set up EV charging stations nationwide.
The agreement was formalized at a ceremony attended by PSO CEO Syed Taha, HUBCO CEO Muhammad Kamran Kamal, and other key executives.
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Also, a new venture, Hubco Green (Private) Limited, is being set up to deploy EV charging stations across motorways, highways, major cities, and other key locations.
Pakistan has a National Electric Vehicle Policy (NEVP) that aims to transition the country’s transportation sector to sustainable and environmentally friendly solutions. The policy includes incentives for manufacturers and targets for EV adoption.
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As of January 2024, there were less than 15,000 electric vehicles (EVs) on the roads in Pakistan. This is a low number compared to other countries, such as India, which sold over a million EVs in 2022.
