In a landmark move to promote clean energy transportation, the Economic Coordination Committee (ECC) has approved a Rs. 9 billion subsidy scheme for electric bikes and rickshaws, aimed at encouraging eco-friendly mobility while reducing fuel dependency.
The initiative—led by the Ministry of Industries and Production—will support around 116,000 electric bikes and over 3,000 electric rickshaws/loaders through subsidized financing across two rollout phases.
🚲 What’s Included in the Scheme?
The scheme is structured as follows:
Rs. 200,000 maximum financing for electric bikes
Rs. 880,000 for electric rickshaws or loaders
Government to pay full markup, making borrower interest zero
Borrowers contribute 20% equity, govt contributes up to:
Rs. 50,000 for a bike
Rs. 200,000 for a rickshaw/loader
Loan duration:
2 years for bikes
3 years for rickshaws
Financing includes Islamic options
Govt provides a 20% portfolio guarantee to banks
👥 Who Can Apply?
All Pakistani citizens, including residents of Gilgit Baltistan and AJK, can apply if they meet these age limits:
18–65 years for electric bikes
21–65 years for electric rickshaws/loaders
Each individual may apply for only one vehicle under the scheme.
📍 Provincial & Gender Quotas
The scheme includes population-based distribution with:
10% reserved for Balochistan
25% of electric bike quota reserved for women
10% for commercial riders (e.g., couriers)
For rickshaws:
Individuals get priority, fleet operators can receive up to 30% of the remaining quota
📲 How to Apply?
Applications will be collected via a fully digital portal
If demand exceeds the quota, selection will be via electronic balloting
An official advertisement will be issued before launch
🏭 Manufacturer & Product Shortlisting
Only EDB-approved manufacturers with sound technical and financial credentials can participate. The EDB will also vet specific models based on:
Quality
Performance
Safety
After-sales support
All selected vehicles will carry official branding under the scheme.
🔍 Transparency Measures
Third-party audits
Auditor General oversight
Quality assurance validation by third-party testers
Minor adjustments to quotas or numbers can be made by the Steering Committee during rollout.
This scheme aligns with Pakistan’s broader clean energy goals and will help make affordable EVs a reality for the masses.
