Auther By Akhtar, 2025
Pakistan’s government has launched the PM Electric Bike and Rickshaw Scheme 2025, aimed at promoting electric transport and reducing fuel dependency. The scheme, introduced under the Pakistan Accelerated Vehicle Electrification (PAVE) platform, offers subsidized electric two-wheelers, three-wheelers, and loaders at interest-free installment plans. The goal is to make transportation inexpensive for students, workers, and small business owners, offer rickshaw and loader choices for daily wage earners and businesses, and cut Pakistan’s fuel import expense. Citizens can apply for the scheme through the official portal pave.gov.pk, with selection through transparent e-balloting.
Why the PM Electric Bike and Rickshaw Scheme Matters
Pakistan’s Challenges and Solutions
• Rising petrol prices.
• Urban air pollution.
• Increasing unemployment.
• Electric vehicles (EVs) as a solution.
• Government subsidies and interest-free installment plans.
• Benefits: No fuel cost, low maintenance, extra income opportunities. Official Website
Eligibility Criteria
Electric Bikes and Rickshaws & Loaders Eligibility in Pakistan
• Age limit: 18-65, valid CNIC, permanent Pakistani resident.
• Age limit: 21-65, valid CNIC.
• Financial requirements: 20% equity share downpayment, interest-free loans.
• Exclusions: Defaulters or criminals.
Loan & Installment Plan
| Vehicle Type | Max Subsidy | Loan Cap | Downpayment (20%) | Loan Tenure |
|---|---|---|---|---|
| 2-Wheeler (Bike) | Rs. 50,000 | Rs. 200,000 | Yes | 24 months |
| 3-Wheeler | Rs. 200,000 | Rs. 880,000 | Yes | 36 months |
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Insurance rate: 2%
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Stamping + registration: paid separately at actual cost
Sample Models & Monthly Installments
Electric Vehicle (EV) Scheme Overview
• VELOCITY: Rs. 249,000
• Jolta JE-70L: Rs. 237,900
• MS Jaguar BOLT: Rs. 234,900
• Yadea M3H: Rs. 250,000
• Subsidized financing: Rs. 200,000
• Monthly installment: Rs. 8,674 (24 months)
Electric Rickshaws & Loaders (3-Wheelers)
Sazgar Shuttle (90Ah)
• Price: Rs. 1,160,000
• Subsidized: Rs. 960,000
• Downpayment: Rs. 192,000
• Loan: Rs. 768,000
• Monthly: ~Rs. 21,333
Tez Raftar 1800W (Pak Star Automobile Pvt Ltd)
• Price: Rs. 800,000
• Subsidized: Rs. 600,000
• Loan: Rs. 480,000
• Monthly: ~Rs. 13,333
Ecodost Electric Rickshaw (Nova Mobility Pvt Ltd)
• Price: Rs. 1,200,000
• Subsidized: Rs. 1,000,000
• Downpayment: Rs. 200,000
• Loan: Rs. 800,000
• Monthly: ~Rs. 22,222
Voltix Cargo Loader (Huaguan Energy Pvt Ltd)
How to Apply at pave.gov.pk
Pave.gov.pk Application Process
• Visit pave.gov.pk.
• Register Now.
• Fill in CNIC, contact details, and required information.
• Upload scanned CNIC and photo.
• Submit application and wait for confirmation.
• E-balloting for selection.
• Contact for downpayment and delivery.
Benefits of the Scheme
Affordable EVs: Benefits and Government Support
• Affordable transport for students, riders, and workers.
• Eco-friendly future with reduced air pollution.
• Fuel savings with no petrol required.
• Creates extra income through rickshaw and loaders.
Challenges & Misconceptions
Loan Features:
• Interest-free loans, not commercial bank loans.
• Quota-based balloting for fair distribution.
• Application only at pave.gov.pk, avoiding middlemen..
| Vehicle | Price (Rs.) | Type | Monthly Installment (Approx.) |
|---|---|---|---|
| VELOCITY (Vitality EV) | 249,000 | 2-Wheeler | 8,674 |
| Jolta JE-70L | 237,900 | 2-Wheeler | 6,263 |
| Sazgar Shuttle | 1,160,000 | 3-Wheeler | 21,333 |
| Voltix Cargo Loader | 665,000 | 3-Wheeler | 10,333 |
Conclusion
In Pakistan, the PM Electric Bike and Rickshaw Scheme 2025 seeks to lessen reliance on petroleum, provide reasonably priced transportation, and provide new job possibilities. It ensures equitable access for all residents by offering upfront subsidies, interest-free installment options, and transparent voting. This program encourages independence and advancement in addition to providing transportation.
FAQs
Who is eligible to apply for the PM Electric Rickshaw and Bike Scheme?z
Apply (18–65 years for motorcycles and 21–65 years for rickshaws).
Do the loans have no interest?
Yes, all loans under this plan have no interest and are repaid in convenient monthly payments.
How is the selecting process carried out?
Transparent e-balloting on the pave.gov.pk site is used for selection, guaranteeing equal opportunities for each candidate.