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The key points of the Electric Vehicles Policy 2020–2025 are the following: [31] Exemption of customs duty and additional sales tax on the import of four-wheel electric vehicles. Only 1% sales tax on locally manufactured electric vehicles (power up to 50 kwh). Also 1% sales tax on light vehicles (power up to 150 kwh).
In February 2024, it became the first company in Pakistan to obtain a license to produce electric three-wheelers. As of early 2025, Sazgar holds approximately a 30% share of the Pakistani rickshaw market, manufacturing around 2,500 units per month, of which approximately 30 are electric models.
It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 billion. Pakistan's auto market is among the fastest growing in Asia. 384,000 cars were sold in 2023. In the 1990s and early 2000s ...
Following the inauguration of the assembly line, the company commenced the production of the Corolla Cross Hybrid, making it Toyota's first hybrid electric vehicle to be assembled in Pakistan. [13] In August 2024, Toyota Indus began exporting Corolla Cross, Hilux and Fortuner models to Oceanian countries. [14]
For the 2024 tax year, the IRS says a model of EV that’s from 2022 or earlier still qualifies for a tax credit of up to 30% of the sales price, up to a maximum of $4,000. Not only that, but ...
BYD began exploring hybrid and electric vehicles as early as 1997, before acquiring Xi'an Qinchuan Automobile. In that year, Wang Chuanfu, as part of his research into electric vehicles, purchased a BJ6490D, an electric car made by Beijing Second Auto Works that was built off an imported knock-down kit of the Holden Commodore VN station
Sales of all types of electric vehicles rose more than 40% in China last year, while those of gasoline-powered automobiles plunged, industry data showed Monday. A total of 31.4 million vehicles ...
The Deepal S07 (Chinese: 深蓝S07; pinyin: Shēnlán S07, formerly the Deepal S7 until 2024) is a mid-size SUV produced by Deepal, the electric vehicle subsidiary of Chinese automotive company Changan Automobile since 2023.