Good News: Electric Bikes and Rickshaws Now Available on Easy Installments
Pakistan has entered a major transition toward electric mobility, driven by rising fuel costs, environmental concerns, and long-term economic planning. Under the Prime Minister’s PAVE Scheme, the federal government—along with provincial administrations and private banks—has launched large-scale electric bike and rickshaw schemes aimed at students, workers, and small businesses.
This guide explains how the schemes work, who is eligible, how much subsidy you get, monthly installment costs, and how to apply online.
Prime Minister’s PAVE Scheme (Phase-I) – Federal EV Program
The Prime Minister’s PAVE Scheme is the backbone of Pakistan’s electric vehicle push. The government has committed over Rs. 100 billion under a five-year plan, with Phase-I already operational.
Key Features (Phase-I)
- Total Vehicles:
- 40,000 Electric Bikes
- 1,000 Electric Rickshaws / Loaders
Total: 41,000 vehicles
- Direct Cash Subsidy:
- Up to Rs. 80,000 per vehicle
- Paid directly into the applicant’s bank account through State Bank of Pakistan
- Installment Structure:
- Implemented in collaboration with Engineering Development Board (EDB)
- Vehicles provided on easy monthly installments through partner banks
- Subsidized markup rates, significantly lowering monthly payments
Who Benefits Most?
- Daily commuters
- Students and young professionals
- Delivery riders and loaders
- Small transport operators shifting from petrol/CNG
Zero-Interest Installment Plans (Banks & Private Sector)
To accelerate EV adoption, several banks and manufacturers are offering zero-markup or low-markup financing.
Bank Alfalah & OKLA Partnership
- 0% markup on electric bikes for up to 6 months (credit card purchases)
- Extended tenure up to 36 months available with standard markup
- Ideal for salaried users and cardholders seeking quick ownership
Bank of Punjab (BOP) E-Bike Financing
- Financing available for students and general public
- 20% down payment typically required
- In many cases, the government subsidy can cover this down payment
- No upfront interest for eligible applicants
Estimated Monthly Installments
- Electric Bikes: Rs. 2,900 – 8,000 per month (depending on model & tenure)
Provincial Electric Bike & Rickshaw Schemes
Alongside the federal plan, provinces have launched targeted EV initiatives.
Punjab – CM Maryam Nawaz E-Bike Scheme
The Punjab government has rolled out a student- and youth-focused EV scheme under the leadership of Maryam Nawaz.
Key Highlights
- Specifically targets students and working youth
- Interest-free installments
- Insurance and markup fully covered by the government
- Strong emphasis on affordability and safety
This scheme is particularly popular for:
- College & university students
- Entry-level professionals
- Families seeking low-cost commuting solutions
Balochistan – Provincial E-Bike Subsidy Scheme
The Balochistan government has approved a new EV initiative focusing on inclusion.
Key Features
- 30% provincial subsidy on electric bikes
- Target groups:
- Students
- Working women
- Government employees
- Designed to reduce fuel dependency in remote areas
Why Switch to Electric? (The Real Financial Impact)
Government data and expert analysis highlight massive monthly savings for EV users.
Cost Savings Breakdown
Electric Bikes
- Fuel & maintenance savings of up to Rs. 10,000 per month
- Ideal for daily urban commuting
Electric Rickshaws / Loaders
- Estimated savings of up to Rs. 45,000 per month
- Major benefit for drivers and small logistics operators
Maintenance Advantage
- EVs have fewer moving parts
- Lower repair costs
- No engine oil, clutch plates, or frequent servicing
How to Apply Online – Step-by-Step
1. Online Registration Portals
- Federal PAVE Scheme: pave.gov.pk
- Punjab E-Bike Scheme: bikes.punjab.gov.pk
2. Required Documents
- Valid CNIC
- Mobile number registered on your CNIC
- Motorcycle learner’s permit or driving license
3. Verification Process
- Data verified through NADRA
- Partner bank confirms eligibility
- Approved applicants receive:
- SMS notification
- Instructions for installment plan & vehicle collection
Frequently Searched EV-Related Queries (2025–26)
- PM Electric Bike and Rickshaw Scheme 2025
- Electric Rickshaw Scheme online apply
- CM Punjab loader rickshaw scheme online registration
- CM Punjab rickshaw scheme online registration last date
- New Energy Vehicle Policy 2025 online apply
Final Verdict – What This Means for Pakistan
- EV ownership is no longer expensive or elite
- Subsidies + zero-markup installments make electric bikes cheaper than petrol bikes
- Students, workers, and transport operators gain long-term savings
- Pakistan moves closer to energy independence and cleaner cities
