Pakistan Launches Electric Bike and Rickshaw Scheme with Easy Installments
The Pakistani government has officially launched the Prime Minister’s Electric Bike and Rickshaw Scheme 2025 under the PAVE (Pakistan Automotive Vehicle Enhancement) program. This ambitious initiative aims to make eco-friendly transportation accessible to citizens through subsidized pricing and interest-free financing options.
Complete Eligibility Requirements for Applicants
The scheme establishes clear qualification criteria to ensure fair distribution across the country:
Basic Eligibility Criteria
- Pakistani citizenship with valid CNIC required
- Age requirements: 18-65 years for e-bikes, 21-65 for rickshaws
- Valid driving license or learner’s permit for bike applicants
- Rickshaw license mandatory for three-wheeler applicants
- Clean credit history – no previous bank loan defaults
- Bank account – existing or willingness to open new account
Special Allocation Quotas
- 25% reserved for women across all vehicle categories
- 10% allocated for delivery riders supporting gig economy
- 10% designated for Balochistan residents promoting regional development
- Priority given to students and low-income workers
Detailed Vehicle Pricing and Installment Plans
The government provides substantial subsidies making electric vehicles affordable for middle-class families:
Electric Bike Options and Monthly Payments
Velocity Model
- Market Price: Rs249,000
- Government Subsidy: Rs50,000
- Monthly Installment: Rs8,674 (24 months)
Jolta JE-70L
- Market Price: Rs237,900
- Government Subsidy: Rs50,000
- Monthly Installment: Rs6,263 (24 months)
Jaguar BOLT
- Market Price: Rs234,900
- Government Subsidy: Rs50,000
- Monthly Installment: Rs6,163 (24 months)
Yadea M3H
- Market Price: Rs234,900
- Government Subsidy: Rs50,000
- Monthly Installment: Rs8,333 (24 months)
Rickshaw and Commercial Vehicle Financing
Sazgar Shuttle (90Ah)
- Original Price: Rs1,160,000
- Subsidized Price: Rs960,000
- Monthly Payment: Rs21,333
Tez Raftar 1800W
- Original Price: Rs800,000
- Subsidized Price: Rs600,000
- Monthly Payment: Rs13,333
Ecodost Rickshaw
- Original Price: Rs1,200,000
- Subsidized Price: Rs1,000,000
- Monthly Payment: Rs22,222
Voltix Cargo Loader
- Original Price: Rs665,000
- Subsidized Price: Rs465,000
- Monthly Payment: Rs10,333
Application Process and Timeline
The registration process follows a structured timeline to ensure transparency:
Key Dates and Deadlines
- Application Period: September 1-30, 2025
- Online Portal: pave.gov.pk for all submissions
- Lottery Date: October 1, 2025 (if applications exceed quotas)
- Selection Method: Computerized e-balloting system
Required Documentation
- National Identity Card (CNIC) copy
- Valid driving license or learner’s permit
- Student identification (if applicable for priority)
- Employment verification or salary slip
- Passport-size photographs (recent)
- Bank account details and statements
Expected Benefits and Economic Impact
The scheme targets multiple objectives beyond just transportation improvement:
Individual Benefits
- Reduced transportation costs compared to petrol vehicles
- Lower maintenance expenses for electric systems
- Environmental impact reduction through zero emissions
- Enhanced mobility especially for women and students
- Income generation opportunities for rickshaw operators
National Economic Goals
- Job creation in electric vehicle manufacturing sector
- Reduced oil imports supporting foreign exchange reserves
- Technology advancement in automotive industry
- Carbon footprint reduction meeting climate commitments
- Support for local assembly of electric vehicles
Connection to National EV Policy
This initiative operates within the broader National Electric Vehicle Policy 2025-30, which sets ambitious targets for the country’s transportation transformation. The government aims for 30% electric vehicle adoption by 2030, making this scheme a crucial stepping stone.
The program particularly focuses on supporting vulnerable groups including women entrepreneurs, students seeking affordable transportation, and small business owners looking to reduce operational costs.
Implementation Challenges and Solutions
The government has structured the program to address common barriers to electric vehicle adoption:
- Financing barriers resolved through interest-free loans
- High upfront costs reduced via substantial subsidies
- Limited awareness addressed through nationwide campaign
- Infrastructure concerns being tackled through charging station development
- Quality assurance ensured through approved vendor partnerships
This comprehensive approach positions Pakistan among developing nations leading electric vehicle adoption through government intervention and public-private partnerships.
