Electric Bike Scheme Announced with Easy Installments Across Pakistan

The government is preparing to launch a nationwide electric bike scheme aimed at reducing fuel costs and making transportation cleaner and more affordable. This new plan offers electric bikes on a two-year installment basis, making it easier for people to switch from petrol to electric. Prime Minister Shehbaz Sharif is expected to officially announce the full policy on Independence Day. The step is seen as a move towards better air quality, lower import bills, and modern mobility for daily commuters across the country.

This electric bike scheme is being finalized with support from the State Bank and Pakistan Banks Association. The plan includes a subsidy of Rs50,000 per bike or rickshaw, bringing the overall cost of an electric bike down to around Rs200,000. Buyers can pay the remaining amount in monthly installments over two years. The offer will be available for people aged between 18 and 65. It aims to put 116,000 electric bikes on the road and promote a shift toward eco-friendly transport in both urban and rural areas.

Electric Bikes Now Within Reach for Everyone

Electric bikes have long been seen as costly, but this new scheme makes them accessible to students, office workers, delivery riders, and small business owners. These bikes are cheaper to run, need less maintenance, and protect users from high petrol prices. With rising living costs, having a low-cost transport option is a major relief. The move also supports people in areas where public transport is limited or unreliable.

Local Production Will Drive Growth

So far, 17 local companies have been granted licenses to manufacture electric bikes in Pakistan. This means that the bikes will be made at home, not imported, which will help control prices. It also opens up job opportunities in assembly lines, supply chains, and service stations. The entire ecosystem around electric vehicles is expected to grow steadily over the next few years.

Government Will Fund Electric Future

To support this shift, the government has pledged Rs100 billion in subsidies over the next five years. For the current year, Rs9 billion has already been allocated. More funds will follow each year to keep the program running. This long-term support shows that electric vehicles are not just a temporary trend, but a national priority.

Targets Set for 2030 and Beyond

By 2030, the plan is to have over 2.2 million electric vehicles running in Pakistan. By 2040, the goal is for 90 percent of all vehicles to be electric. And by 2060, the country is aiming for a fully zero-emission transport system. These targets may take time, but they are backed by policy, funding, and public interest.

Cleaner Air, Lower Bills, Better Health

The shift to electric vehicles will help reduce the need for imported fuel and lower the country’s fuel bill. It will also reduce harmful emissions in cities like Lahore, Karachi, and Islamabad, where pollution levels are often high. With fewer fumes in the air, public health will improve and cities will become more livable. This policy is not just about transport; it’s about protecting future generations.

The electric bike scheme is expected to roll out soon after the formal announcement. Details about the application process, eligibility, and monthly payment plans will be made public through official government platforms. The policy is clear in its message: clean, affordable transport is no longer a dream, it is becoming a reality for everyone in Pakistan.