BYD Pakistan, a joint venture between Chinese carmaker BYD and Pakistani auto group Mega Motors, said that by 2030, up to 50% of all cars sold in Pakistan will be electrified in some form to meet global goals.
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photo source: BYD, BYD announced its entry into the Pakistan market last month.
BYD Pakistan launched three models in August and plans to open an assembly plant there in early 2026.
“I think the conversion rate of new energy vehicles (NEV) will be as high as 50%,” Kamran Kamal, CEO of Mega Motors’s parent company Hub Power (HUBCO) and spokesman for BYD Pakistan, told Reuters in his office on Sept. 5. BYD Pakistan is the country’s first major manufacturer of new energy vehicles.
Muhammad Abrar Polani, an automotive industry analyst at Arif Habib Limited, said that 30 per cent penetration of new energy vehicles in Pakistan would be achievable by 2030, but meeting the 50 per cent target could be more challenging because of infrastructure obstacles.
Kamran Kamal said that the Pakistani government plans to take incentives to solve the problem of charging infrastructure.
In August, local media reported that the Ministry of Electric Power had drafted standards for charging stations for electric vehicles as the Pakistani government was considering providing affordable electricity for electric vehicle charging stations.
Kamran Kamal said BYD Pakistan is working with two oil sales companies to build a charging infrastructure network and plans to build 20 to 30 charging stations at the same time in the early stages of its car launch.
BYD Pakistan will initially sell fully assembled imported cars with higher import tariffs than imported auto parts and locally assembled cars.
Referring to the difficulties encountered in importing and selling fully assembled cars under Pakistan’s current tariff structure, Kamran Kamal said: “our main goal is to get locally assembled cars on the road as soon as possible.
” Kamran Kamal also said that BYD Pakistan is considering the size of the new plant, but details of the investment and cooperation with HUBCO will be announced later.
A 50% market share of new energy vehicles is an ambitious target for Pakistan’s auto industry.
The country’s car industry has been dominated by Japanese carmakers such as Toyota, Honda and Suzuki, while car sales in Pakistan hit a 15-year low in the fiscal year ending in June.
Recently, South Korean carmaker Kia Motors began competing for market share with Chinese automakers Changan and Mingjue, all of which offer hybrid cars.
Last year, sales of hybrid cars in Pakistan more than doubled.
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