The federal government has officially launched the implementation phase of its electric vehicle installment scheme, offering electric bikes, rickshaws, and loaders on easy monthly payments for the public.
The initiative is part of the Prime Minister’s Electric Vehicle Adoption Scheme, aimed at making eco-friendly transport affordable and accessible across Pakistan.
💰 Subsidy Disbursement Process Begins
According to official details, the government has started releasing subsidies for approved applicants under the scheme.
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Rs. 9 billion subsidy allocated for the current fiscal year
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Over Rs. 100 billion subsidy target set by 2030
This marks one of Pakistan’s largest clean-transport incentive programs to date.
⚡ Phase One: 41,000 Electric Vehicles Approved
In the first phase of the program:
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40,000 electric bikes
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1,000 electric rickshaws and loaders
have been approved for subsidy support. Funds for successful applicants have already begun reaching beneficiaries.
🏦 Direct Bank Transfers via State Bank
To ensure transparency, the government has confirmed that:
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Subsidy amounts are being transferred directly into bank accounts
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Payments are routed through the State Bank of Pakistan
This system eliminates middlemen and ensures fair distribution.
🚴 Subsidy Amount and Installment Details
Under the scheme:
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Electric bikes are eligible for subsidies of up to Rs. 80,000
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Vehicles are provided through bank leasing programs
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Buyers can pay through easy monthly installments
The program is expected to benefit low- and middle-income earners the most.
🌱 Push Toward Affordable and Eco-Friendly Transport
Officials say the scheme will help:
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Reduce fuel expenses
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Cut air pollution
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Promote clean and sustainable mobility
The initiative is also aligned with Pakistan’s long-term energy and climate goals.
