Capital Subsidy in SBP EV Scheme 2025 Rs. 50,000 for Bikes & Rs. 200,000 for Rickshaws

🕒 Published: October 23, 2025 by Admin

The State Bank of Pakistan SBP Electric Vehicle EV Scheme 2025 is a landmark initiative designed to promote green and sustainable transport across the country. With rising fuel prices, environmental concerns, and the need to reduce dependency on imported petroleum, this scheme provides a practical solution by making electric bikes and rickshaws more affordable for ordinary citizens, students, women, and small business owners.

Under this scheme, the government has introduced a capital subsidy program, offering Rs. 50,000 for electric bikes and Rs. 200,000 for electric rickshaws/loaders. This subsidy is a direct financial support that lowers the purchase price of these vehicles, making it easier for individuals and businesses to transition from petrol-powered vehicles to eco-friendly electric alternatives. By doing so, the scheme not only saves costs for users but also promotes environmental responsibility.

The initiative is especially beneficial for daily commuters, delivery riders, and small-scale entrepreneurs. For students and workers who rely on two-wheelers for transportation, electric bikes with subsidies can significantly reduce monthly travel expenses. Similarly, rickshaw operators and fleet owners can leverage the subsidy to invest in electric vehicles that are more cost-efficient and environmentally sustainable.

Read Also: Debt to Equity Ratio Explained SBP Cost Sharing EV Scheme 2025

Moreover, the SBP EV Scheme is part of a broader government effort to encourage sustainable energy adoption. By combining financial incentives with accessible loans through participating banks, the program ensures that more people can enjoy the benefits of electric mobility. This approach not only supports green transport but also fosters financial inclusion, innovation, and a cleaner, healthier environment for urban and rural communities alike.

What is the Capital Subsidy under SBP EV Scheme?

A capital subsidy is a direct financial support provided by the government to lower the purchase cost of electric vehicles. Under the SBP EV Scheme 2025:

• Electric Bikes (E-Bikes): Eligible applicants can receive a subsidy of Rs. 50,000 on the purchase of a new electric bike.
• Electric Rickshaws / Loaders: Eligible applicants can receive a subsidy of Rs. 200,000 on the purchase of an electric rickshaw or loader.

This subsidy is given directly to buyers, making EVs more accessible for individuals, students, women, and small business operators.

Check Also: SBP Electric Vehicle Scheme 2025 Complete Loan & Installment Plan

Who Can Benefit from the Subsidy?

The SBP EV Scheme focuses on promoting sustainable transport and supporting entrepreneurs and daily commuters. Key beneficiaries include:

• Students and daily commuters: Lower-cost e-bikes help save fuel expenses.
• Women riders: At least 25% of e-bikes are reserved for female applicants.
• Small business owners & delivery riders: The subsidy makes electric bikes ideal for courier and delivery services.
• Fleet operators: Up to 30% of rickshaws/loaders are allocated for fleet businesses.

How to Avail the Capital Subsidy?

To claim the subsidy, applicants need to follow these steps:

1. Check Eligibility: Ensure you meet the criteria set by SBP and participating banks.
2. Select Vehicle: Choose a subsidized electric bike or rickshaw from approved manufacturers.
3. Apply for Loan & Subsidy: Submit your application through a participating bank. The subsidy amount is deducted from the vehicle price before calculating the loan.
4. Submit Required Documents:
   • Copy of CNIC
   • Recent passport-size photographs
   • Valid driving license
   • Proof of income or salary slip
   • Bank account details
   • Domicile certificate
5. Loan Approval & Vehicle Purchase: Once approved, the bank disburses the loan after deducting the subsidy, allowing you to purchase your EV at a reduced cost.

Benefits of the Capital Subsidy

• Reduced upfront cost: Makes EVs affordable for more people.
• Encourages green transport: Reduces carbon emissions and fuel consumption.
• Financial support for small businesses: Lower-cost vehicles help startups and delivery riders expand their business.
• Government-backed assurance: The subsidy ensures that buyers get reliable, affordable financing without hidden charges.

FAQs about Capital Subsidy in SBP EV Scheme

1. What is the subsidy for electric rickshaws or loaders?
   The scheme provides a Rs. 200,000 subsidy for eligible electric rickshaws/loaders.
2. Can anyone apply for the subsidy?
   No, the subsidy is only available to applicants who meet SBP’s eligibility criteria and are approved by participating banks.
3. Are women eligible for this subsidy?
   Yes, there is a 25% quota reserved for female applicants for e-bikes.
4. Is the subsidy paid directly to the applicant?
   The subsidy is applied directly to the vehicle’s purchase price, reducing the loan amount needed.
5. Which vehicles are eligible for the subsidy?
   Only electric bikes and electric rickshaws/loaders from approved manufacturers are eligible.
6. Do I need a driving license to apply?
   Yes, a valid driving license is required for all applicants.
7. Can businesses apply for multiple vehicles?
   Fleet operators can apply, but there are maximum allocation limits as per the scheme guidelines.
8. Is this subsidy available nationwide?
   Yes, the SBP EV Scheme is available across Pakistan through participating banks and OEMs.
9. Can the subsidy be combined with other government incentives?
   Generally, the subsidy is exclusive to the SBP EV Scheme, but it may be combined with manufacturer discounts where applicable.

Conclusion

The capital subsidy under the SBP EV Scheme 2025 is a major step toward promoting eco-friendly transport in Pakistan. By offering Rs. 50,000 for e-bikes and Rs. 200,000 for rickshaws, the government is not only reducing the upfront cost of electric vehicles but also encouraging citizens to adopt sustainable mobility.

For students, daily commuters, small businesses, and delivery operators, this scheme provides a financially viable way to transition from petrol-based vehicles to electric alternatives, helping save fuel costs while supporting a cleaner environment.

By availing this subsidy, you not only contribute to green energy adoption but also benefit from a well-structured government-backed program, making the purchase of electric bikes and rickshaws affordable and hassle-free.