MG JW is in the process of setting up its $100 million assembly plant in Lahore and plans to roll out first car in May to become eligible for the lucrative tax cuts given to the new entrants in the industry under the existing AIDP 2016-21.
The Federal Board of Revenue (FBR), however, is yet to issue an SRO for implementing the EV incentives.
The smaller cars with battery capacity of 50kWh or below or light commercial vehicles (LCVs) with battery capacity of 150kWh have been given an additional concession: the sales tax rate on them has been slashed to 1pc from 17pc.