The Economic Coordination Committee (ECC) has approved a Rs9 billion subsidy to boost the adoption of electric bikes and rickshaws/loaders across Pakistan, as confirmed by the Finance Division.
Chaired virtually by Finance Minister Muhammad Aurangzeb, the ECC meeting discussed key economic matters, including the launch of a new energy vehicle policy, financial support for Quaid-i-Azam University, and a grant for the Telegraphic Transfer Charges Incentive Scheme.
As part of the EV initiative, the Ministry of Industries and Production’s proposal to implement a subsidy scheme was greenlit. The government has allocated Rs9 billion for FY2025-26 to fund the program, which includes free electric bikes for top government college students.
The rollout will take place in two phases, introducing 116,000 electric bikes and 3,170 electric rickshaws/loaders. Phase one will see 40,000 e-bikes and 1,000 e-loaders launched under the Prime Minister’s program.
Additionally, the ECC approved a Rs30 billion technical grant to clear prior claims under the Telegraphic Transfer Charges Scheme and gave conditional approval for a Rs2 billion bailout for Quaid-i-Azam University, pending a sustainability plan.
Separately, Punjab’s Marriyum Aurangzeb announced a Rs100,000 cash reward for motorcyclists who convert petrol bikes to electric under the Green Credit Program, which also promotes tree plantation through green incentives.
For poeple looking for bikes on installments, must visit Meezan Announces Installment Plan for Electric Bikes
