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Tag: electric vehicles

  • Lexus launches new electric car UX 300e

    Lexus launches new electric car UX 300e

    Lexus launched new electric car UX 300e with the evolution of the brand’s first production Battery Electric Vehicle (BEV) model. The updated UX 300e joins the new UX 200/250h announced earlier this year, with deliveries scheduled to begin in 2023.

    Since the 2005 launch of the RX 400h, the world’s first hybrid SUV, Lexus has been a pioneer of electrification in the luxury market. Based on the electrification vision “Lexus Electrified” announced in 2019, Lexus aims to meet the diverse needs of global customers through a broad range of electrified vehicles, from HEVs to PHEVs and BEVs. Using electrification technology to significantly enhance fundamental vehicle performance.

    Lexus continues to refine the timeless joy of the automobile, through hallmark precision and sophistication. In 2020, Lexus launched UX 300e as the brand’s first production BEV model. In 2022, this was followed by the introduction of the Lexus RZ, a dedicated BEV model.

    As of the end of August 2022, cumulative sales of Lexus electrified vehicles stand at approximately 2.3 million units, as the brand accelerates their development and adoption to contribute to the realization of a carbon-neutral society.

    In addition to its maneuverable body size and unique “UX” urban compact crossover design, the UX 300e is highly regarded by customers seeking a distinctly quiet and refined BEV driving experience. The enhancements announced for the UX 300e are based on the relentless pursuit of perfection under an “Always On” philosophy.

    Enhancements unique to the BEV powertrain include a newly developed battery pack with capacity increased from 54.4 kWh to 72.8 kWh, resulting in a cruising range of 450 km―over 40% longer than the current model.

    The UX 300e also inherits the further refinements made to the dynamic precision of the UX series for confidence-inspiring performance, along with the expanded functionality of active safety technologies, and the evolution of advanced features through the latest multimedia system.

    The updated UX 300e underwent rigorous testing and evaluation at Toyota Technical Center Shimoyama. The low center of gravity created by the under-floor placement of the BEV battery pack gives the UX 300e a natural performance advantage, as do standard rear Performance Dampers.

    For even more refined dynamics, body rigidity was strengthened with the addition of 20 spot welding points, and the Electric Power Steering (EPS) and shock absorbers were optimally tuned for the all-electric model.

    When it comes to advanced technology, functionality of the “Lexus Safety System +” active safety technology was expanded with the aim of providing a safer and more secure driving experience.

    In addition, the latest multimedia system brings a larger, higher resolution touch panel display, the form and switch layout of the instrument panel and console area have been optimized, and two new Type-C USB connectors have been added to the front of the console for improved usability when charging devices.

    The UX 300e takes full advantage of the electric powertrain configuration. As a unique BEV characteristic, it does not carry front-heavy objects such as an engine, allowing heavier components to be placed towards the center of the vehicle for optimum front/rear weight distribution and moment of inertia.

    The low center of gravity provided by the underfloor battery pack and the rear Performance Dampers complement these attributes to refine the dynamics and enhance the sense of connection between the car and driver.

    The underfloor battery also acts as a sound barrier, and extra attention was focused on wind noise and road noise from gravel and other materials that became apparent in the absence of engine and transmission sounds. The result is a comfortable, quiet interior space.

    The newly developed battery pack extends cruising range by more than 40% to 450 km compared to the current model and achieves energy consumption of 166.7 Wh/km.

  • Honda plans to launch 30 models of electric vehicles

    Honda plans to launch 30 models of electric vehicles

    TOKYO, Japan: Honda Motor Co., Ltd. (Honda) is planning to launch 30 models of Electric Vehicles globally by 2030, according to a statement issued on Tuesday September 6, 2022.

    The company on Tuesday announced that it has established a strategic partnership with Hanwa Co., Ltd. (Hanwa), a major Japan-based trading company, toward stable procurement of essential metals for batteries necessary for its electrified vehicles.

    READ MORE: Suzuki donates 10 million yens for Pakistan flood victims

    To realize carbon neutrality for all of its products and corporate activities by 2050, Honda is striving to make battery-electric vehicles (EVs) and fuel cell electric vehicles (FCVs) represent 100% of its global vehicle sales by 2040.

    Toward this target, Honda is planning to launch 30 EV models globally by 2030 with production volume of more than 2 million units annually.

    READ MORE: Honda Motor reveals 92% growth in production worldwide

    For steady execution of its electrification strategy, Honda established a strategic partnership with Hanwa, a major trading company that has strengths in the field of resource procurement.

    Through this partnership, Honda will ensure stable procurement in the medium to long term, of essential metals necessary for batteries such as nickel, cobalt and lithium, positioning the mined resources secured by Hanwa at the core.

    READ MORE: Indus Motor halts production of Toyota vehicles in Pakistan

    Honda will continue working with a wide range of suppliers to ensure stable supply of necessary resources, that will enable Honda to steadily execute its electrification strategy leading to the realization of Honda’s carbon neutrality goal.

    READ MORE: Toyota Indus Motors announces plant shutdown

  • Chevrolet unveils all-electric 2024 Blazer EV

    Chevrolet unveils all-electric 2024 Blazer EV

    DETROIT: Chevrolet revealed the all-electric 2024 Blazer EV on Wednesday expanding the growing electric vehicle (EV) portfolio. The car makes the ownership more accessible and driving Chevy into the heart of the growing midsize electric crossover segment.

    Multiple distinct trims, multiple range options — Including an available GM-estimated range of up to 320 miles on a full charge— and available front, rear- and all-wheel-drive configurations offer customers more choices, and a seamless EV experience designed to complement virtually every lifestyle.

    Those choices include available 1LT, 2LT, RS and Chevy’s first-ever electric SS performance model, along with a pursuit-rated Police Pursuit Vehicle (PPV) model for police fleet applications.

    Scott Bell, vice president of Chevrolet said that, “The 2024 Blazer EV sets a new tone for electric SUVs, with options and intuitive technologies that help position Chevy for leadership in one of the fastest-growing EV segments.”

    He also said that, “Along with the all-new Silverado EV and Equinox EV coming next year, we are making great strides in offering more choices for zero tailpipe-emissions vehicles — choices that make switching to an EV easier than ever.”

    The Blazer EV is based on GM’s innovative Ultium Platform with athletic styling that elevates the heralded design established in 2018 by the gas-powered Chevrolet Blazer, and performance cues inspired by the Camaro and Corvette.

    With design and engineering developed to live up to the legacy of the iconic Super Sport performance designation, the Blazer EV SS offers customers the most powerful experience in the lineup.

    It features an exclusive performance AWD propulsion configuration designed to produce up to 557 horsepower and up to 648 lb-ft of torque, and unique WOW (Wide Open Watts) mode enabling 0-60 sprints of approximately less than 4 seconds (based on GM estimates).

    Additional Blazer EV highlights include:

    Driving range options up to an available GM-estimated 320 mileson a full charge (depending on the trim)

    11.5 kW level 2 (AC) charging and standard DC public fast-charging capability of up to 190 kW, depending on the model, which enables approximately 78 miles of range to be added in 10 minutes, per GM estimates

    Large, intuitive 17.7-inch-diagonal customizable infotainmenttouchscreen

    Full LED exterior lighting, with choreographed walk-up/walk-away animation on RS and SS models

    Beautiful, spacious and sustainably crafted cabin made with soft-touch materials

    Available Super Cruisehands-free driving technology for compatible roads

    Advanced safety features intended to inspire confidence, including Reverse Automatic Brakingand Advanced Park Assist

  • PM praises investment of Toyota Motors

    PM praises investment of Toyota Motors

    ISLAMABAD: Prime Minister Imran Khan on Wednesday praised Toyota Motors for investing $100 million for locally production of hybrid electric vehicles.

    (more…)
  • 4×4 electric motor vehicles allowed duty, tax concessions

    4×4 electric motor vehicles allowed duty, tax concessions

    ISLAMABAD: The recently promulgated Tax Laws (Amendment) Ordinance, 2021 has granted concessions to 4×4 electric motor vehicles on import of units in both Completely Built Up (CBU) and Completely Knocked Down (CKD) conditions.

    The federal cabinet recently allowed duty and tax concessions to 4×4 electric vehicles. Earlier the concession was available to two-wheelers and three-wheelers electric vehicles.

    The concessions have been allowed to import of 4×4 electric motor vehicles from customs duty, sales tax and income tax.

    (a) Following are the categories of 4 wheelers electric vehicles imported in CBUs for which concessional rates have been allowed.

    — 25 percent customs duty allowed on imports under Pakistan Customs Tariff (PCT) 8703.8090. The concession is allowed till June 30, 2026.

    — Import of 4×4 electric motor vehicles imported under PCT 8703.8090 with condition that the concession shall be admissible till June 30, 2026 on import of electric vehicles 4 wheelers (CBU) per company of the same variant to be assembled or manufactured to the extent of 100 units per company, duly approved / certified by Engineering Development Board (EDB).

    The EBD shall monitor compliance with EV Policy 2020 and intimate FBR immediately in case of violation by any manufacturer to stop further clearance at concessional rates.

    Following are the categories of 4 wheelers electric vehicles imported in CKDs and specific parts for which concessional rates have been allowed:

    Description of Vehicle & PCTDescription of Imported goodsRate of Customs DutyConditions
    Electric Vehicles 4 wheelers (PCT Code 703.8090)(i) EV Specific components for assembly / manufacturer in any kit-form (CKD)1% (notwithstanding the rate of customs duty on these items as specified in the First Schedule to the Customs Act, 1969).The concession shall be admissible to manufacturers of electric vehicles 4-wheelers till 30th June 2026, subject to certification and quota determination by the EDB.
     (ii) Components for assembly / manufacture in any kit-form Non-Localized parts.10%The concession shall be admissible till 30th June 2026 subject to the conditions mentioned in para 2 of the SRO.656(I)/2006 dated June 22, 2006.
     (iii) Components for assembly / manufacture in any kit-form Localized parts.25%The concession shall be admissible till 30th June 2026 subject to the conditions mentioned in para 2 of the SRO.656(I)/2006 dated June 22, 2006.

    In addition to the above, concession on import of CBU chargers with CKD kits for electric vehicles have been extended to 4 wheelers which was previously available for 2 and 3 wheelers.

    In sales tax, (a) Local manufacturers / assemblers importing and supplying the electric vehicle of prescribed categories have been allowed exemptions and reduce rates of sales tax which have been tabulated below:

    Import of CKD kits for the following electric vehicles (4 wheelers) by local manufacturers till June 30, 2026:

    (a) Small cars and SUVs with 50 kwh battery or below; and

    (b) Light Commercial Vehicles (LCVs) with 150 kwh battery or below

    Following locally manufactured or assembled electric vehicles

    (4 wheelers) are subject to one percent of sales tax till June 30, 2026:

    (a) Small cars and SUVs with 50 kwh battery or below; and

    (b) Light Commercial Vehicles (LCVs) with 150 kwh battery or below

    Import of CKD, SUVs and LCVs have also been incentivized by excluding from the ambit of Minimum Value Addition (MVAT) at the time of import.

    For that purpose, following classes of vehicles have been added in the exclusion section of

    12th Schedule to the Sales Tax Act, 1990:

    – Electric vehicles (4 wheelers) CKD kits for small cars or SUVs, with 50 kwh battery or below and Light Commercial Vehicles (LCVs) with 150 kwh battery or below till the 30th day of June 2026.

    – Electric vehicles (4 wheelers) small cars or SUVs, with 50 kwh battery or below and Light Commercial Vehicles (LCVs) with 150 kwh battery or below in CBU condition till 30th day of June 2026.

    – Electric vehicles (2-3 wheelers and heavy commercial vehicles) in CBU condition till the 30th say of June 2025.

    FED is levied on locally manufactured / assembled and imported motor cars, SUVs at the rate of 2.5 percent ad Val. However, there were certain exemptions for rikshaws designed for transportation of persons.

    Through the Amendment Ordinance, exemption has also been allowed to 4 wheelers electric vehicles (falling under tariff headings 87.03) up to June 30, 2026.

    The reduced rate of 1 percent would now be applicable on import of CKD kits of electric vehicles for small cars or SUVs with 50 kwh battery or below and LCVs with 150 kwh battery or below.

  • Import of heavy electric vehicles allowed at 1 percent customs duty

    Import of heavy electric vehicles allowed at 1 percent customs duty

    ISLAMABAD: Federal Board of Revenue (FBR) has allowed import of heavy electric vehicles at one percent customs duty.

    Through Finance Act, 2020 the duty at one percent has been made part of Customs Act, 1969.

    According to the Finance Act, 2020 the imports of electric buses, electric trucks and electric prime movers have been allowed at one percent of customs duty and there is no condition attach to the imports.

    However, imports of other electric vehicles including auto rickshaw, 3-wheeler loader and motorcycle have been allowed reduced duty rate at 50 percent of the prevailing tariff rate of customs duty as specified in the First Schedule to the Customs Act, 1969.

    There are conditions attached to the imports of such motor vehicles. The FBR said that the concession shall be admissible for a period of five years with effect from July 01, 2020, on import of 10 electric vehicles (CBU – Completely Buildup Unit) of the same variant to the assembled / manufactured to the extent of maximum 200 units, to 2-3 wheeler segment, duly approved / certified by the Engineering Development Board (EDB).

    The EDB shall monitor compliance with the EV Policy 2020 and intimate FBR immediately in case of violation by any manufacturer to stop further clearance at the concessional rate.

  • Locally manufactured two-, three electric wheelers proposed 1pc sales tax for seven years

    Locally manufactured two-, three electric wheelers proposed 1pc sales tax for seven years

    ISLAMABAD: All two and three wheelers manufactured under Electric Vehicle Policy will sold at less than one percent sales tax for next seven years to bring the purchase price of EVs down, according to the policy.

    However, all two and three-wheeler EV’s imported shall be sold at one percent sales tax for the next five years.

    EVs will be exempted from registration fees and annual token tax to encourage prospective buyers and the FBR shall evolve a policy to evolve tax incentives for prospective buyers of the two-wheeler and three wheelers.

    All existing incentives of the Auto Development Policy 2016-2021 will remain intact, according to EV Policy 2019.

    The policy said that Pakistan had a large market of two and three wheelers. More than twenty million such vehicles are already on roads in Pakistan.

    Their local production has reached indigenization of more than 90 percent. Therefore, the need is to incentivize the already available manufacturing expertise for converting to e-bikes and e-rickshaws.

    Moreover, a new category of low speed electric vehicles have emerged that is added into this category.

    The policy said that EV specific parts and components, not being manufactured locally compliant to UNECE 1958 Agreement ‘WP.29’ standards as well as equivalent international standard applied by the United States, European Union and other major EV manufacturers, will be allowed import at one percent customs duty and one percent sales tax for the next two years.

    Registration number plates of EVs will have a distinct color/design to create EV specific zones in high density areas. The registration number plates will be different from other typical vehicles to distinguish between two, three and low speed four wheel electric vehicles and other vehicles segments.

    A special provision for import of swappable battery-based three wheelers is being introduced to help both introduction of such vehicles and charging infrastructure.

    Those manufacturers or consortia who demonstrate setup of manufacturing of these units and battery swapping infrastructure of running of these vehicles will be allowed to import a cumulative number of 20,000 completely built units (CBU) along with the charging infrastructure at one percent customs duty and can sell these units at one percent sales tax.

  • Electric vehicles to reduce 60pc fuel cost: Amin Aslam

    Electric vehicles to reduce 60pc fuel cost: Amin Aslam

    KARACHI: The use of electric vehicles will reduce fuel cost by 60 percent and it will also resolve environmental issues caused by pollution, Malik Amin Aslam, Advisor to Prime Minister for Climate Change, said on Thursday.

    Addressing at a press conference, Amin Aslam said that the government had approved first ever Electric Vehicle Policy and the industry would start working soon.

    “The owners of motor cycles, three-wheelers and buses can reduce their monthly fuel cost by 60 percent with uses of electric vehicle technology,” he said.

    He said that on Saturday he would meet the Prime Minister and after that meeting the electric motor vehicle industry would start operation.

    The modern technology will help the country to save around $2 billion foreign exchange, which are being spent on oil import.

    He said that the country had facing environmental issues. He said that such projects would be successful for clean environment such as in Lahore city.

    He said that the electricity generation in the country had improved.

    The country is facing large import bill especially for oil import bill. He said in case 30 percent vehicles converted to electric mechanism than the country will able to save around $2 billion.

  • Electric vehicles to help in saving $2 billion oil import payment: adviser

    Electric vehicles to help in saving $2 billion oil import payment: adviser

    ISLAMABAD: The launch of electric vehicles in the country will help the country to save around $2 billion foreign exchange, which is spend on annually on oil import, Malik Amin Aslam, Prime Minister’s Adviser on Climate Change, said on Thursday.

    Besides, adopting electric vehicle, the consumers could save over 30 percent cost of vehicle maintenance, because these do not require petrol or gas, no engine oil and driving them is highly comfortable, and affordable.

    Addressing a press conference on Thursday along with private electric vehicle manufacturing stakeholders/investors, he told media that introduction of electric vehicles in Pakistan following the EV policy, which was framed after consultation with all relevant stakeholders from government and non-governmental sectors, are going to be a big change for the people to switch from fuelling at the pump to fuelling at an outlet.

    He said that electric vehicle (EV) Policy would help revolutionize overall transport sector of the country in coming years and urban outlook with introduction of better, sustainable and environmental-friendly transport facility.

    He also said that this policy, which has been approved by the Cabinet this year on November 5, would also significantly help boost pollution-free transport facilities in the country in a way that are not harmful to environment and do not emit any smoke and cause noise pollution.

    From the running costs of electric cars to being very environmental-friendly, introduction of electric vehicles in the country will help cut country’s oil import bill, yield countless benefits for both environment and the people and their overall lifestyle and the way our cities look, the adviser said.

    “Electric vehicles do not emit vehicle emissions and these are cleaner, do not cause noise pollution and eliminate your fuel costs. Besides, EVs are fun to drive and these have instant torque and offer a very smooth ride,” he explained while counting on the benefits of the electric vehicles.

    The adviser Malik Amin Aslam noted that periodic trips to the gas station to fuel up your car are considerably expensive and time consuming for the people, particularly when the ever-fluctuating price of gasoline is high.

    However, by choosing an electric vehicle, one can forget about paying for gasoline and being at the mercy of fuel prices.

    “Not only is electricity less expensive than gasoline, it also has a much more stable price point, meaning that rapid price swings are all but eliminated by going electric,” he further explained.

    Malik Amin Aslam stated that humans have historically had a very negative impact on our environment. “Carbon dioxide emissions from traditional vehicles contribute to greenhouse gases in the atmosphere and accelerate climate change and overall environmental degradation and hurt public health. Conversely, all-electric vehicles don’t produce climate change-causing carbon dioxide into the atmosphere, when any of us drives them.

    Besides, hybrid electric vehicles use their battery to greatly improve the distance you can travel with a gasoline-powered engine,” he elaborated while highlighting environmental benefits of the electric vehicles.

    Given the backdrop, switching to an electric vehicle is one way to reduce further damage to the earth, cut individual carbon and transport sector’s footprints, the prime minister’s adviser on climate change.

    He said that with implementation of electric vehicle policy of Pakistan, a new economic sector will emerge, introducing a new electric vehicle producing industrial sector and thousands new jobs.

    Talking about electric public transport system, he told media that as part of the policy goal, provincial governments are being approached to usher in launch mass transit system in urban areas, under which electric buses would be introduced to provide pollution, noise-free, comfortable and cheaper transport facilities to the masses, particularly women.

    For this, federal government would provide every possible help to the provincial governments to introduce such mass transit system, Malik Amin Aslam added.