The Government of Pakistan has launched a new Electric Bikes Subsidy Scheme to help people buy electric bikes and rickshaws at lower prices. This program was approved by the Economic Coordination Committee (ECC) and will be completed in two phases. The main goal is to promote clean transportation and reduce pollution. The government has kept a budget of Rs. 9 billion for this plan. Many people from all over Pakistan, including AJK and Gilgit Baltistan, will be able to apply for this scheme using a digital platform.
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| Key Area | Details |
| Budget for the Scheme | Rs. 9 billion for FY26 |
| Number of Vehicles | 116,000 electric bikes and 3,170 rickshaws |
| Financing Support | Government covers equity and markup |
| How to Apply | Through a digital platform with balloting |
Government Plan for Electric Bikes and Rickshaws
Pakistan’s electric bike subsidy program will be implemented in two stages. The government would provide 1,000 rickshaws/loaders and 40,000 electric bikes in the first phase. The remaining 2,170 rickshaws/loaders and 76,000 bikes will be provided in the second phase. This methodical approach will assist the government in resolving any issues that may arise. The goal is to make sure everything runs smoothly and people get the best benefit.
Easy Loans and Full Financing Support for Buyers
Under this electric vehicle scheme in Pakistan, people can get easy loans for buying electric bikes or rickshaws. The loan for a bike can go up to Rs. 200,000 and for a rickshaw or loader, it can be Rs. 880,000. The loan period will be up to 2 years for bikes and 3 years for rickshaws.
The interest rate (markup) will be 6-month KIBOR + 2.75%, but the government will pay the entire markup. So, the buyer pays zero markup. The equity share will be 20% from the buyer and 80% from the bank. The government will also give Rs. 50,000 for bikes and Rs. 200,000 for rickshaws as part of its equity.
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Who Can Apply for the Electric Bike Subsidy Scheme
All Pakistanis, including those from AJK and Gilgit Baltistan, are eligible for this subsidy program for electric bikes and rickshaws. For bikes, the age limit is 18 to 65, and for rickshaws, it is 21 to 65. Under this program, a citizen may only apply for one vehicle. An electronic ballot system will be used for selection if the number of applicants exceeds the quota.
There are special quotas set:
- 10% quota for Balochistan
- 25% for women (electric bikes)
- 10% for delivery/courier services
- For rickshaws, 70% quota is for individuals, and 30% can go to fleet companies if any quota is left.
How the Scheme Will Work and Be Monitored
The electric vehicle scheme will be managed through a fully digital platform. This online system will handle applications, balloting, and tracking progress. Only those electric vehicles that meet quality and safety standards will be offered under this scheme. The businesses that can supply the bikes and rickshaws will be chosen by the Engineering Development Board (EDB).
These companies will be chosen based on:
- Technical skills
- Financial strength
- Good after-sale services
A third-party audit and regular checks will also be done to make sure the process is fair and safe.
List of Vehicles and Choice for Buyers
People who are selected will be able to choose from a list of shortlisted electric bikes and rickshaws. This list will only include those vehicles that meet performance and safety standards. The EDB will prepare the list, and the Steering Committee will approve it.
Each bike and rickshaw provided under this scheme will have special branding to show that it is part of the government’s program. Everyone will be able to identify the vehicles funded by the scheme thanks to this measure, which will also assist ensure transparency.
Conclusion
In this article, we are sharing all the details about Pakistan’s Electric Bike and Rickshaw Subsidy Scheme in simple and easy words. The government is helping citizens buy clean and green vehicles by paying part of the cost and covering the interest. The scheme will help reduce pollution and improve public transportation. All eligible Pakistanis are encouraged to apply once the official advertisement is released.
FAQs
Q1: Can students apply for the electric bike subsidy?
Yes, students can apply if they are 18 or older and meet the other requirements.
Q2: What if I already own a bike? Can I still apply?
Yes, you can apply, but you will only be allowed one electric vehicle under this scheme.
Q3: Will I be able to sell the vehicle after buying it under this scheme?
This will be decided by the government rules. Most likely, there will be a restriction period before you can sell it.
Q4: What happens if I don’t repay the loan on time?
Like any loan, if you don’t repay on time, the bank may take action, and it may affect your credit history.