In his recent tweet, the Federal Minister for Science and Technology, Fawad Chaudhary, invited Tesla’s CEO Elon Musk to set up a factory in Pakistan. He tagged the tech mogul and billionaire in his tweet. He also laid out some details on the benefits that Pakistan has to offer to Tesla. He stated that Pakistan offers ten years of zero tax facility and custom-free import for materials and equipment required for setting up a factory. He also asserted that no other country offers similar incentives. He went on to state that 68% of the world population lives within 3.5 hours flight radius from Islamabad. Moreover, Pakistan is the third-largest freelance software exporter in the world.
Dear @elonmusk your next destination may be Pak,68% of world population lives within 3.5 hrs fligt radius from Isld,we offer ten years zero tax facility and custom free import for factory setup,no other country may offer,plus we are worlds 3rd biggest freelance software exporters https://t.co/CkHznHAQ1P
— Ch Fawad Hussain (@fawadchaudhry) January 5, 2020
Accompanying his tweet was the news about Tesla planning to build half a million electric vehicles outside Berlin in its future factory. The plan to build a new Gigafactory in Germany was introduced back in November 2019 by CEO Elon Musk. This factory in the neighborhood of Grünheide will cost Tesla approximately 4 billion Euros and work will begin in 2020. It will be the first manufacturing facility of Tesla in Europe. It will manufacture both cars and batteries.
The manufacturing plant is scheduled to complete in late 2021. The European Union will most probably provide subsidies in the ballpark of 300 million Euros to Tesla in setting up a facility in Germany. This manufacturing plant will build the new upcoming compact SUV from Tesla, the Model Y. This will be the fourth production facility of Tesla in the world and will span on an area of 740 acres. It will also create around 10,000 jobs. Tesla is undertaking innovation on a massive scale and will probably launch new models in the near future.
The Federal Cabinet of Pakistan has recently approved the new Electric Vehicle (EV) policy. An inter-ministerial committee is also to be set up to implement the EV policy and draft regulations for the EV industry. This policy has received criticism from the stakeholders of the auto sector and the notion is that it is being implemented hastily and without due consultations with all the stakeholders.
Stay tuned for more news-related content like this one and drop your thoughts in the comments section below on the prospect of a new Tesla production facility in Pakistan.
This country is full of jokes and day dreaming.
No matter how good this sounds to people, this is not going to happen. Elon Musk is pretty active in replying to the tweets and he didn’t reply to this one. Besides Elon musk has already publicly confirmed that he is interested in building Tesla gigafactory in India for going RHD markets and has even engaged in talks with Indian government. Besides, Tesla took pre-orders of model 3 from India while Pakistan was not even listed in countries eligible for pre-orders. And this tweet is misleading as 68% population which he talks of, most can’t really afford a Tesla whatsoever. These companies are there to make profit and maintain a hype for which they need a large market size and people with relatively higher disposable incomes which Pakistan does not offer.
pta nhi knsa nasha krta hia yeh bnda
In addition, tax policy and other policies changes on whims & wishes. Every few days there is a new customs S.R.O which is then challenged in court, court issues stay order and then lacunae.
Countries make progress because of “continuation of policy” spanning decades and centuries, not because of some “great individual(s)” who happens to be in the government for the time being.
True, well all know what is happening with imported cars, besides a firm tax exemption policy is needed which is in place in US where federal tax credit is given, in China it is exempted from various rules while in India electric cars have lowest tax slab but these countries also have a huge demand for all types of cars in general unlike Pakistan. Besides electric cars are more expensive in general.
That’s all they can do only, showing nation fake good dreams only.
Common man we dont need another subsidy farming taxpayer leeching con artist in Pakistan !!