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 in different price ranges, including its flagship SUV EV9.
Lucky Motor CEO Muhammad Faisal said that in addition to the EV9, the company is also considering bringing EV3 (a small and low-cost electric SUV) in the future. The EV5, which was introduced in October 2024, was also well-received by customers.
Lucky Motor CEO Muhammad Faisal announced that the company’s first electric SUV, the Kia EV9, will be available to the public soon.
He added that the outlet is planning to launch a smaller electric model, the EV3, in the future. These new electric vehicles will be fully assembled and imported from other places.
Expressing confidence in the growing demand for electric vehicles in Pakistan, Muhammad Faisal said that after the successful launch of the KIA EV5 in October 2024, which was already in the eye 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 and is priced at Rs 18.5 million.
According to experts, the price and features of the EV5 are similar to the Audi e-tron and Hyundai IONIQ 5. These vehicles are mostly bought by businessmen and corporate executives in big cities like Karachi, Lahore, and Islamabad, who are already using SUVs.
According to Muhammad 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 the vehicles. In addition, there is a limited lifespan of the batteries, which need to be replaced after every seven years.
However, the government is taking steps to promote EVs under the New Energy Vehicle (NEV) Policy 2025. An investment of $350 million will be made with a Chinese company to install 3,500 charging stations.
The government’s goal is for EVs to account for 30 percent of total vehicle sales by 2030, but Mohammad Faisal says he believes this target could increase to 10 percent.
