PAVE Subsidy & Installment Calculator – Calculate Your EV Monthly Plan in Pakistan
PAVE Subsidy & Installment Calculator is accelerating, and with rising petrol prices, high maintenance costs, and growing environmental concerns, more people are turning toward electric vehicles (EVs). To support this transition, PAVE has introduced an innovative digital tool known as the PAVE Subsidy & Installment Calculator, designed to help EV buyers calculate the monthly installment, government subsidy, down payment, total financing amount, and cost of ownership before making a purchase.
What Is the PAVE Subsidy & Installment Calculator? – Key Overview
The PAVE Subsidy & Installment Calculator is an online financial tool designed to give electric vehicle buyers a clear estimate of:
- Monthly installment (EMI)
- Subsidy amount offered by the government
- Required down payment
- Interest/profit rate
- Total financing cost
- Repayment tenure
- Savings on fuel cost
- Estimated battery maintenance cost
- Annual tax benefits on EV purchase
This calculator is specifically built for Pakistan’s emerging EV ecosystem and supports the following EV types:
- Electric Bikes
- Electric Cars
- E-Rickshaws
- Delivery Scooters
- Loader Rickshaws
- EV Taxi Fleet Vehicles
The calculator uses real-time financing formulas, updated bank profit rates, and PAVE’s subsidy policy to give accurate results.
PAVE Subsidy & Installment Calculator
See final price after subsidy, EMI, total interest, and monthly effective cost.
Why this helps
Shows how subsidy and trade-ins lower your loan, exact EMI across tenures, and how monthly fuel/maintenance savings affect affordability.
Why the PAVE Subsidy & Installment Calculator Is Important for EV Buyers
Electric mobility in Pakistan is growing rapidly, but many buyers still struggle with understanding:
- How much subsidy they are eligible for
- What their actual monthly installment will be
- How much down payment they must pay
- Whether EVs are cheaper than petrol vehicles
- How financing works under PAVE or partner banks
The calculator solves these challenges by offering:
✔ Transparent Financing Details
No hidden charges or wrong assumptions—everything is calculated using updated figures.
✔ Government Subsidy Estimates
Shows how much the government will support your EV purchase.
✔ Affordability Insights
Helps you decide if an EV is within your budget.
✔ Comparison Between EV Types
Users can compare electric bike, rickshaw, and car financing instantly.
✔ Encourages Environment-Friendly Transport
Supports Pakistan’s National Electric Vehicle Policy (NEVP) goals.
How Does the PAVE Subsidy & Installment Calculator Work? – Step-by-Step Guide
Using the calculator is simple and takes less than 1 minute. Follow these steps:
Step 1: Select Your EV Type
Options include:
- Electric Bike
- EV Car
- E-Rickshaw
- Loader Rickshaw
- Delivery Scooter
- Taxi EV
Each category has different price ranges and subsidy structures.
Step 2: Enter the Vehicle Price
The calculator uses the market value of EVs in 2025, such as:
- Electric Bike: Rs. 120,000 to Rs. 300,000
- Electric Rickshaw: Rs. 350,000 to Rs. 600,000
- Electric Cars: Rs. 2 million to Rs. 7 million
- Delivery EV Scooters: Rs. 180,000 to Rs. 350,000
Step 3: Enter the Down Payment
You can choose any down payment—normally:
- 20% for bikes and scooters
- 30% for rickshaws
- 40% for EV cars
The more down payment you give, the lower your monthly installment becomes.
Step 4: Enter the Tenure (Financing Duration)
Choose between:
- 12 months
- 24 months
- 36 months
- 48 months
Longer tenure = smaller monthly payment.
Step 5: Check Your Subsidy Eligibility
The calculator automatically deducts:
- Government subsidy
- PAVE subsidy
- EV tax incentives
This lowers the final payable amount.
Step 6: Review the Results
The calculator instantly shows:
- Monthly Installment (EMI)
- Total Subsidy Amount
- Down Payment
- Reduced Vehicle Price
- Total Payable Amount After Subsidy
- Annual Savings (fuel + maintenance)
PAVE Subsidy Structure in 2025 – Complete Breakdown
The PAVE Subsidy Program supports clean transportation and gives financial relief on EV purchases. Here’s how subsidies work:
✔ Electric Bikes
Subsidy: Rs. 20,000 – Rs. 50,000
✔ E-Rickshaws
Subsidy: Rs. 50,000 – Rs. 90,000
✔ EV Cars (Local)
Subsidy: Rs. 100,000 – Rs. 250,000
✔ EV Taxi Program
Subsidy: Rs. 150,000 – Rs. 200,000
- Additional fleet support
✔ Delivery EV Scooters
Subsidy: Rs. 20,000 – Rs. 40,000
Subsidy percentage may vary based on income tier, province, and financing institution.
PAVE Installment Plan 2025 – Complete EMI Breakdown
Here is the general formula used:
Monthly Installment (EMI) =
(Loan Amount × Profit Rate × Tenure) ÷ Months
But the calculator does this automatically.
Average Profit Rates in Pakistan 2025:
- 15% – 22% for most EV financing options
- Discounted profit rates for students and women
- Lower rates for commercial EV fleet buyers
Benefits of Using the PAVE Subsidy & Installment Calculator
1. Helps You Stay Within Budget
You can test multiple EV options and compare which one you can afford.
2. Transparent Subsidy Details
No confusion—subsidy shows separately.
3. No Need for Manual Calculations
Everything is instant and accurate.
4. Supports Government EV Policy
Encourages green mobility adoption.
5. Helps You Avoid Overpaying
Know the exact cost before visiting any dealer.
6. Saves Time & Money
One tool solves all EV financing questions.
EV Categories Supported by the Calculator
✔ Electric Bikes (Delivery + Personal)
Brands include:
- Jolta Electric
- Road Prince
- Metro EV
- Crown EV Bikes
✔ Electric Rickshaws
3-wheeler mobility solutions for:
- Passengers
- Goods
- Commercial usage
✔ Electric Cars
Popular budget EVs include:
- Prince Pearl EV
- United EV
- Imported small EVs
✔ Delivery Scooters
Ideal for:
- Food delivery riders
- E-commerce parcels
- Courier businesses
✔ Loader EVs & Cargo Rickshaws
Used for small businesses and shop deliveries.
PAVE Subsidy Eligibility Criteria (2025 Updated Rules)
To qualify for subsidy, applicants must:
- Be a Pakistani citizen (CNIC required)
- Have stable income or business
- Provide guarantor
- Pass digital KYC verification
- Use EV for personal or commercial purposes
- Apply through PAVE or partner banks
Documents Required for PAVE EV Installment Plan
- CNIC copy
- Passport-size photo
- Income proof (salary slip/business letter)
- Bank statement (6 months)
- Utility bill
- Guarantor CNIC and proof
- Dealer quotation
Comparison: EV vs Petrol Vehicle – Cost Saving Analysis
The PAVE calculator also compares EV cost with petrol vehicle cost.
Daily Saving Example:
- Petrol bike: Rs. 300–400 per day
- Electric bike: Rs. 30–50 per day
Annual Savings:
Up to Rs. 70,000 – Rs. 150,000 per year
Read Also: Gilgit-Baltistan’s IT Sector Generates Up to $18 Million: PASHA (Full Premium Article)
Who Should Use the PAVE Subsidy & Installment Calculator?
- Students
- Delivery riders
- Taxi drivers
- Women commuters
- Office employees
- Rickshaw drivers
- Small businesses
- Fleet owners
Frequently Asked Questions (FAQs)
1. Is the PAVE Subsidy Calculator free?
Yes, it is completely free for all users.
2. Does the calculator show real subsidy amounts?
It gives an accurate estimate based on approved government policy for 2025.
3. Can I check monthly installment for any EV?
Yes, the tool supports bikes, cars, rickshaws, and commercial EVs.
4. Do women get extra subsidy?
Yes, women riders often receive additional support under green mobility initiatives.
5. What is the tenure for EV installments in Pakistan?
Tenure ranges from 1 to 4 years depending on the EV type.
6. Does the calculator include taxes?
Yes, it adjusts zero-sales-tax benefits on EVs.
7. Is biometric verification required?
Yes, NADRA verification is mandatory for all applicants.
8. Can overseas Pakistanis apply?
Yes, if they have a valid CNIC/NICOP and income proof.
