EV transition
PAKISTAN’S transition to electric mobility is stalling not for want of ambition but consistency. The government’s plan for 30pc EV penetration within five years, meant to save $4.5bn annually on fuel imports, sits uneasily alongside a policy environment that sends mixed signals to investors, manufacturers, auto parts makers and consumers alike. Oil marketing companies, which should be natural partners in building the charging infrastructure needed, keep pouring capital into conventional retail expansion. The absence of investment in charging infrastructure reflects where OMCs expect the money to keep flowing. Their........
