The newest addition to the vehicle industry is the Karachi-based company which launched its own range of electric automobiles on Friday.
Crown Group has been preparing auto parts since 1963. It exhibited a number of environmentally friendly vehicles, encompassing motorcycles, auto-rickshaws, cars and ambulances, which it says are energy productive.
The starting rate for an electric car, a pilot project, is Rs400,000. It’s a two-door hatchback with a seating capacity of two individuals. The charges of the rickshaws and motorcycles are between Rs200,000 and Rs55,000 respectively.
The firm says its vehicles will cost Rs1.25 for each kilometer travelled, which “makes it the cheapest” option accessible for transport.
Farhan Hanif, the director of the group said that the two and three-wheeler automobiles can travel 60km to 70km on a full charge. A car fully charged on a 50-amp battery can travel up to 50kms.
Eight Chinese firms have partnered with the Crown Group in joint investments, said Hanif, adding that the company is ready to expand production as soon as the administration implements its electric vehicle policy.
A draft of the policy awaits the government’s approval.
If the government maintains its term on the electric vehicle policy, the customs duty on imports of auto-parts will only be 1% while the sales tax will not exceed 5%, announced the chairperson.
He accentuated that the advent of electric vehicles will help boost Pakistan’s economy and introduce new jobs and entrepreneurial chances as specific power stations to charge the vehicles will have to be established.
Crown Group is a new player in the electric automobiles market and has invested Rs2 billion to set up its manufacturing plant.