Auto Policy 2021-26 Pakistan
ISLAMABAD: The government has announced a new Auto Industry Development and Export Policy (AIDEP 2021-26) under which sales tax on local electric vehicles (EVs) has been slashed from 17% to 1%. Indus Motor Company (IMC) would like to express its gratitude to the Government of Pakistan for releasing the much anticipated Auto Policy for the period 2021-26.
IMC has already announced a USD 100 Million investment for the local production of Hybrid Electric Vehicles in Pakistan, to support the Government’s agenda for environmental conservation. In line with the Prime Minister’s vision of “Green and Clean Pakistan”, the investment to bring in Toyota’s latest 4,h Generation Hybrid Technology will not just help in lowering vehicular emissions, it shall also help to reduce the oil import bill, due to its leading class fuel efficiency.
Toyota Pakistan remains committed to invest more in Hybrid Technology in the future, to drive the Prime Minister’s vision of Green Pakistan.