Lucky Motor, which assembles and sells KIA vehicles in Pakistan, is all set to introduce a new electric SUV EV9 in the country.
The company has decided to offer electric vehicles at various price points, including its flagship SUV EV9.
Lucky Motor CEO Mohammad Faisal said that apart from the EV9, the company is also considering the EV3 (a small and low-cost electric SUV) in the future. The EV5, which was introduced in October 2024, was also well received by consumers.
Lucky Motor CEO Mohammad Faisal announced that the company’s first electric SUV Kia EV9 will soon be available to the public.
The outlet plans to launch a smaller electric model, the EV3, in the future, he added. These new electric vehicles will be fully assembled and imported from other places.
Expressing confidence in the growing demand for electric vehicles in Pakistan, Mohammad Faisal said that after the successful launch of the KIA EV5 in October 2024, which was already in the eyes of buyers, we are now very optimistic about the new launch. .
The EV5 comes in two options: the long-range “Earth” model, which can go up to 620 km on a single charge and is priced at Rs 23 million, and the short-range “Air” model, which goes up to 480 km. is km and cost Rs 18.5 million.
According to experts, EV5’s price and features are similar to Audi e-tron and Hyundai IONIQ 5. These vehicles are mostly bought by businessmen and corporate executives from big cities like Karachi, Lahore and Islamabad, who are already using SUVs. .
According to Mohammad Faisal, electric vehicles are not only environmentally friendly but also energy efficient, but most people are buying them as a status symbol because they are more expensive than conventional vehicles.
There are several obstacles to the sale of EVs in Pakistan, the most important of which is the lack of charging points. Another reason is the low resale value of vehicles. Also, batteries have a limited lifespan, requiring replacement every seven years.
However, the government is taking steps to promote EVs under the New Energy Vehicle (NEV) Policy 2025. A $350 million investment will be made with a Chinese company to install 3,500 charging stations.
The government’s target is for EVs to account for 30 percent of total vehicle sales by 2030, but Mohammad Faisal says he believes that target could rise to 10 percent.
