The Government of Pakistan has finalized plans to provide 116,000 electric bikes on two-year installment plans under the National Electric Vehicle (NEV) Policy 2025-30.
According to sources, Prime Minister Shehbaz Sharif is set to announce the new EV policy on Independence Day. The initiative, developed in collaboration with the State Bank of Pakistan and the Bank Association, aims to promote sustainable transportation.
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Under the scheme, each e-bike and rickshaw will receive a Rs. 50,000 subsidy. The estimated price per electric bike is up to Rs. 250,000, with the remaining amount—over Rs. 200,000—to be paid in installments. Eligible applicants must be aged between 18 and 65 years.
Seventeen companies have successfully obtained licenses to manufacture electric bikes, supporting the policy’s goal of achieving 30% electric vehicle adoption by 2030. To ensure the policy’s success, the government has allocated a total subsidy of Rs. 100 billion over five years.
