Interview with Huma Yahya Khattak – CEO, EV Technologies: ‘Electric two-wheelers are an economic and energy-security priority’

Huma Yahya Khattak, chief executive of EV Technologies, told Business Recorder that electrifying Pakistan's two-wheeler segment is mainly an economic and energy-security matter. She cited Pakistan Economic Survey figures showing 30.46 million motorcycles among 39.09 million registered vehicles. She estimated that a petrol motorcycle costs roughly Rs8 per kilometre to fuel, against about Rs1 to Rs1.5 per kilometre for electricity on an electric model.

She named upfront price, financing and battery confidence as the main barriers to wider uptake. Citing the first phase of the PAVE programme, she said 269,149 applications were received against a target of 41,000 vehicles, but banks granted approval to just 4,075 out of 44,689 applications passed on to them. ELFA's EV125, priced at Rs345,000 plus tax, has annual fuel and electricity costs estimated at Rs16,060 against Rs119,720 for a petrol motorcycle at 40 kilometres a day.

The company said its installed capacity currently exceeds 1,000 motorcycles a month and is being expanded to more than 2,000 units, with more than 25,000 units planned for 2027 alone. Huma also cited the NEV Policy for 2025 to 2030, which sets a goal of electric vehicles making up 30 percent of new sales by 2030, but noted the broader auto policy is still being finalised and EV tax concessions run only to June 2027.