Manufacturing of Electric Vehicles

Parking spot for electric vehicle

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Manufacturing of Electric Vehicles
Manufacturing of Electric Vehicles
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Transportation
Automobiles
Business Model Description

Invest in B2B and B2C businesses engaged in manufacturing of electric vehicles or in scaling existing plants to cater to domestic and international sales. This may involve a variation as per need and market for passenger cars, 2-3 wheelers and heavy transport vehicles. Examples of companies active in this space are:

Yes Electromotive Ltd. started its operations in 2021 and has successfully manufactured 3 and 4 wheeler electric vehicles based on the Modular Utility Vehicular Architecture (MUVA) concept. The company intends to raise USD 30 million in equity to upscale its operational capacity in Pakistan. (8)

Expected Impact

Reduction in carbon emissions and fuel import bill by switching transportation dependence from oil to clean energy.

How is this information gathered?
Updated: 4 May, 2023 Date of Production: 19 Apr, 2023
Pakistan
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Sustainable Cities and Communities (SDG 11) Climate Action (SDG 13)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7) Decent Work and Economic Growth (SDG 8) Zero Hunger (SDG 2)

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Sector Sources
  • 1. Climate Transparency. 2020. Pakistan Climate Transparency Report. https://www.climate-transparency.org/wp-content/uploads/2021/11/Pakistan-CP-2020.pdf. Accessed 29 March 2023. 2. United Nations. 2021. “Sustainable Transport, Sustainable Development.” Interagency Report – Second Global Sustainable Transport Conference. https://sdgs.un.org/sites/default/files/2021-10/Transportation%20Report%202021_FullReport_Digital.pdf. Accessed 29 March 2023. 3. ADB (Asian Development Bank). 2013. Gender Tool Kit: Transport. https://www.adb.org/sites/default/files/institutional-document/33901/files/gender-tool-kit-transport.pdf. Accessed 29 March 2023. 4. Brunner, H. 2013. ADB’s Working Paper Series on Regional Economic Integration. https://www.adb.org/sites/default/files/publication/100110/reiwp-117-economic-corridor-development.pdf. Accessed 29 March 2023. 5. Statista. 2023. “Passenger Cars Pakistan “. https://www.statista.com/outlook/mmo/passenger-cars/pakistan. Accessed 29 March 2023. 6. EDB (Engineering Development Board). “Electric Vehicle Policy.” http://engineeringpakistan.com/electric-vehicle-policy/. Accessed 29 March 2023. 7. Redaelli, S. and Rahman, N. 2021. “In Pakistan, Women’s Representation in the Workforce Remains Low.” World Bank Blogs. https://blogs.worldbank.org/endpovertyinsouthasia/pakistan-womens-representation-workforce-remains-low. Accessed 29 March 2023. 8. YesElectricMotive. https://yeselectromotive.com/. Accessed 29 March 2023.
IOA Sources
  • 9. Energy Update Magazine. 2021. “Sapphire’s EV Ambitions.” https://www.energyupdate.com.pk/2021/04/02/sapphires-ev-ambitions/. Accessed 29 March 2023. 10. Ministry of Commerce. Government of Pakistan. 2021. Strategic Trade Policy Framework (STPF) 2020-25. https://tdap.gov.pk/wp-content/uploads/2022/01/STPF-2020-25-1.pdf Accessed 29 March 2023. 11. Zulfiqar, F. 2020. “Public Transportation System and Female Mobility in Pakistan.” PIDE Blog. https://pide.org.pk/blog/public-transportation-system-and-female-mobility-in-pakistan/. Accessed 29 March 2023. 12. Asian Development Bank (ADB). 2014. “PAK: Rapid Assessment of Sexual Harassment in Public Transport and Connected Spaces in Karachi.” Technical Assistance Consultant’s Report. https://www.adb.org/sites/default/files/project-documents//44067-012-tacr-19.pdf. Accessed 29 March 2023. 13. Afsar, A. 2019. “Pakistan’s Electric Vehicle Policy: Policies and Challenges.” Centre for Strategic and Contemporary Research Publication. https://cscr.pk/explore/themes/energy-environment/pakistans-electric-vehicle-policy-opportunities-and-challenges/. Accessed 29 March 2023. 14. AEDB (Alternative Energy Development Board). 2019. Alternative and Renewable Energy Policy 2019. https://www.aedb.org/images/Draft_ARE_Policy_2019_-_Version_2_July_21_2019.pdf Accessed 29 March 2023. 15. PACRA (The Pakistan Credit Rating Agency Limited). 2021. Trucks and Buses Sector Study. https://www.pacra.com/sector_research/Trucks%20&%20Buses%20-%20PACRA%20Research%20-%20Dec%20'21_1639308811.pdf. Accessed 29 March 2023. 16. ADB. 2013. “Gender Tool Kit: Transport”. https://www.adb.org/sites/default/files/institutional-document/33901/files/gender-tool-kit-transport.pdf. Accessed 29 March 2023. 17. Masood. M. (2011). “Transportation Problems in Developing Countries Pakistan: A Case in Point.” International Journal of Business and Management. 6 (11). 256. https://www.researchgate.net/publication/266469087_Transportation_Problems_in_Developing_Countries_Pakistan_A_Case-in-Point Accessed 29 March 2023. 18. Ministry of Communications. 2020. National Freight And Logistics Policy 2020. https://communication.gov.pk/SiteImage/Policy/NFLP%20Main%20Document%20 (Final)%2013%20September%202020-converted.pdf Accessed 29 March 2023. 19. BOI (Board of Investment). 2021. “Incentives in Special Economic Zones.” Special Economic Zones Incentive Package. https://invest.gov.pk/sez#gallery-1 Accessed 28 March 2023.