Pakistan, Oct. 20 -- The Electric Vehicle (EV) market in Pakistan appears promising; however, cost and financing remain major hurdles, and long-term, cost-efficient financing will be crucial to make EV ownership accessible and affordable for the general public.

This consensus emerged during the third edition of the Electric Vehicle (EV) Conference held here on Sunday. The event, organized by the Climate Action Center (CAC), was sponsored by the Bank of Pakistan and supported by EV manufacturing company Horwin. It served as a collaborative platform, highlighting that a sustainable EV transition in Pakistan demands coordinated efforts-from policymakers designing incentives, to banks offering flexible financing, and from manufacturers innov...