Decision to reduce electricity tariff by 45% at EV charging stations: Owais Leghari Trending Global News

Federal Energy Minister Owais Leghari said on Wednesday that the government has formulated an important policy to attract citizens towards electric vehicles, under which the electricity tariff at electric charging stations has been reduced by 45%.

Addressing a press conference in Islamabad, Owais Leghari said that the electric vehicle journey in Pakistan started in 2016-17 while the National EV Policy was formally launched in 2020 as 43 percent of the country’s air pollution comes from transport. It is related to the sector.

The Energy Minister said that Prime Minister Shahbaz Sharif has decided that electric vehicles will be made cheaper for the people.

He said: ‘Under the new policy, the tariff of charging stations will be reduced from 71 rupees 10 paise to 39 rupees 70 paisa, which is about 45% less.’

He added: ‘In a meeting today, the Prime Minister decided to reduce the tariff of 71 rupees 10 paise per unit charged by electricity distribution companies to 39 rupees 70 paise per unit. go With this move, owners of electric motorcycles and small vehicles will have easier access to charging stations.

The Energy Minister also said that the process of setting up charging stations will be simplified and approval for setting up any such station will be given within 15 days through the e-portal, which will set up a charging station in every neighborhood while less This business can be started by investing as little as 18 to 20 lakh rupees and as much as one and a half crore.

Emphasizing the reduction in the use of petrol and diesel, he said that the country’s foreign exchange is burdened due to the annual import bill of six billion dollars in the energy sector and the government has decided today to sell electric vehicles to the public. Facilities will be provided upon availability.’

The federal minister claimed that ‘revolving credit decreased in last year i.e. 2024 compared to the five months of 2023 (July to November) because our performance was better during this period, the distribution companies for the same months of 2023. 223 billion during the year, which was not allowed to increase from 170 billion in the same months of 2024.

Owais Leghari further informed that under the important decision in the Cabinet Committee on Energy, it was decided to provide electricity to all industrial zones on equal basis and the procedure related to all industrial and economic zones has also been changed.

The Federal Minister said that our government has brought down electricity prices to a great extent through its policies and we have proven ourselves at every stage from IPPs to privatization of DISCOs, including Special Investment Council (SIC). SIFC)’s conducive environment has played a huge role.’

He claimed that in the next few months, Pakistan will become the cheapest electricity provider in the region.