Several affluent Pakistanis are considering investing in the new and potential avenue of Electric Vehicles (EVs), as the government has offered a slew of incentives for those who want to enter the market and provide Pakistanis with a more ecologically friendly mode of transportation.
The Express Tribune said that a wholly indigenous EV for the Pakistani market has been designed by DICE Foundation, an offshore Pakistani corporation, and that its physical prototype will be presented within the next four months.
Dr. Khursheed Qureshi, the founder and chairman of the DICE Foundation, told the media outlet that the business is developing the vehicle entirely with materials and people from Pakistan. He also mentioned that some “friends” in North America and the United Kingdom assisted with the project’s start-up.
According to Dr. Qureshi, the foundation is producing the EV in accordance with international quality control standards, and each of its components, including the battery, is made in Pakistan.
Dr. Qureshi said that roughly $100,000 has been spent thus far on its development, which has been supported by DICE Foundation members. He stated that while the creation of electric vehicles can cost hundreds of millions of dollars, his company has been able to achieve so at a far lower cost thanks to the contributions of various Pakistani expatriates.
Dr. Qureshi went on to say that the EV was created and assembled with the support of a number of educational institutes. He credited DHA Suffa University for the project’s technical analysis, NED University for the battery pack development, NCA University for the interior and exterior, and the Technical Education and Vocational Training Authority (TEVTA) for the interior and outside.
He said that the battery pack is being developed in accordance with Pakistan’s environmental and driving conditions, and will have a minimum lifespan of 10 years.