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Pakistan launches electric bike and rickshaw subsidy scheme

Published on: February 23, 2026 1:31 PM

SBP announces interest-free scheme for e-bikes, rickshaws; here's who can apply | Dialogue Pakistan

ISLAMABAD – The government of Pakistan has launched the Prime Minister’s Electric Bike and Rickshaw Scheme 2026 under the PAVE program, aiming to promote affordable and environmentally friendly transportation nationwide.

Read More: PM launches e–rickshaw scheme for jobless 

Hamad Ali Mansoor, CEO of the Engineering Development Board (EDB), outlined key details, including subsidy amounts, targets, and eligibility criteria. A total of Rs100 billion has been allocated for the program over the next five years, with Rs9 billion earmarked for the current fiscal year.

مہنگے پٹرول سے چھٹکارا :وزیراعظم الیکٹرک بائیکس سکیم کا شاندار اعلانhttps://t.co/7yL4zHBspi pic.twitter.com/PBkZvU9IaR

— Kashmir Digital (@KashmirDigital1) February 22, 2026

Under the scheme, 116,000 electric motorcycles will receive subsidies this year, with each bike receiving Rs80,000. Electric rickshaws will also be supported with a subsidy of Rs400,000 per vehicle. Mansoor highlighted that the cost of electric motorcycles under the initiative is Rs50,000 to Rs60,000 lower than comparable market models, making them more accessible to the public. The government aims to distribute 76,000 motorcycles by June 2026.

Eligibility criteria require applicants to be Pakistani citizens aged 18–65, holding a valid driving license or learner’s permit for motorcycles. Students must also provide a valid student ID or admission proof. Other required documents include CNIC copies, passport-size photographs, and bank account details.

Mansoor emphasised that the program operates on a fully automated system, ensuring transparency and efficient processing. He added that electric motorcycles not only reduce environmental pollution but also help users save up to Rs8,000 per month in fuel costs, highlighting both economic and ecological benefits.

Read More: SBP unveils interest-free financing scheme for e–bikes, e-rickshaws

The initiative is part of a broader push by the government to encourage electric vehicle adoption, reduce reliance on fossil fuels, and modernize public and personal transport infrastructure across Pakistan.

Filed Under: Pakistan Tagged With: Electric bikes, electric rickshaws, EV subsidies, Latest, Pakistan, PAVE scheme, Shehbaz Sharif

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