In a bold step toward a cleaner and greener future, the Government of Pakistan is preparing to launch an Electric Bicycle Scheme that will make eco-friendly travel more accessible and affordable for everyone. With a strong focus on reducing fuel imports, lowering pollution, and modernizing transport, this scheme is expected to benefit 116,000 individuals across the country. Let’s break down everything you need to know about this exciting new initiative.
Easy Two-Year Installment Plan for Everyone Aged 18 to 65
The upcoming electric bike scheme is designed to make ownership easy, especially for students, workers, and young professionals. Anyone between the ages of 18 and 65 will be eligible to apply and own an electric bike through a two-year installment plan.
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This means you don’t need to pay the full amount upfront making it a practical choice for middle- and lower-income groups who want to shift to a modern, fuel-free mode of transport.
Affordable Pricing with Government Subsidy
Each electric bike under the scheme is expected to cost around Rs250,000. But here’s the good news—the government will provide a direct subsidy of Rs50,000, reducing the actual price to Rs200,000.
This reduced cost can be paid off in monthly installments over two years, making it easier on your wallet while still giving you the freedom and benefits of owning an electric vehicle.
Strong Financial Backing and Support
To ensure the scheme runs smoothly, the government is working closely with major financial institutions. The State Bank of Pakistan and the Pakistan Bank Association are playing a key role in setting up the financial structure of this project. This collaboration will help make installment payments secure, transparent, and user-friendly for all applicants.
Support for Local EV Manufacturing
The scheme isn’t just about getting bikes on the road it’s also about building a strong local EV industry.
So far, 17 Pakistani companies have received licenses to manufacture electric bikes. This is a big step in strengthening the country’s electric vehicle ecosystem, boosting the economy, and creating new job opportunities for engineers, technicians, and workers.
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Government’s Long-Term EV Vision
This electric bike scheme is only one part of a much bigger plan. The government’s national Electric Vehicle (EV) Policy has set ambitious targets for the future:
- 30% of all vehicles in Pakistan to be electric by 2030
- Production of 2.213 million electric vehicles
- A total subsidy of Rs100 billion to be distributed over five years
Yearly Subsidy Breakdown
Here’s a quick look at how the government plans to distribute its EV subsidies in the coming years:
| Year | Subsidy Allocation |
|---|---|
| 2025 | Rs9 billion |
| 2027 | Rs19 billion |
| 2028 | Rs24 billion |
| 2029 | Rs26+ billion |
| 2030 | Rs23 billion |
These numbers reflect a serious commitment to long-term clean energy goals and transportation reform.
Why This Matters: Benefits for the Country and Citizens
Switching to electric bikes and vehicles has major economic and environmental benefits, such as:
- Reduced reliance on imported fuel, helping Pakistan’s economy and foreign reserves
- Lower air and noise pollution in busy cities
- Cost savings on fuel and maintenance for vehicle owners
- Fewer greenhouse gas emissions, supporting global climate goals
Impact on Daily Life and Urban Travel
As electric bikes become more common, we can expect a positive transformation in urban life. Roads will become quieter, travel will be cheaper, and cities will be less polluted. This shift could especially benefit students, delivery riders, and low-income workers, who spend a large portion of their income on fuel and transport.
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Conclusion
The Electric Bicycle Scheme with a Two-Year Installment Plan is more than just a transport upgrade—it’s a vision for the future. It supports clean energy, boosts local industries, and offers affordable mobility to the public.
With the expected launch around Independence Day, this initiative reflects a strong political will to make Pakistan greener, cleaner, and more sustainable for future generations. Electric Bicycle