100 Billion Subsidy on Electric Vehicles Till 2030
The Pakistani government has launched a major initiative to promote electric vehicles (EVs) under the Pakistan Accelerated Vehicle Electrification (PAVE) Scheme. With a total subsidy of Rs. 100.36 billion planned until 2030, the program aims to accelerate the adoption of electric bikes, rickshaws, loaders, cars, buses, and trucks nationwide. The scheme provides financial relief under both the Self Finance and Bank Lease schemes, encouraging sustainable mobility while supporting local EV manufacturing. Verified applicants have already started receiving subsidies through official channels.
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Also Read: Electric Scooter Scheme
| Key Feature | Details |
|---|---|
| Program Name | Pakistan Accelerated Vehicle Electrification (PAVE) Scheme |
| Total Subsidy | Rs. 100.36 billion until 2030 |
| Vehicle Types | Electric bikes, rickshaws, loaders, cars, buses, trucks |
| Phase-I Coverage | 41,000 vehicles (40,000 bikes + 1,000 rickshaws/loaders) |
| Phase-II Coverage | 78,170 vehicles in 2025–26 |
| Self Finance Scheme | Up to Rs. 80,000 reimbursed per bike |
| Bank Lease Scheme | Easy installment plans via participating banks |
| Implementing Body | Engineering Development Board (EDB), Ministry of Industries & Production |
What Is the PAVE Scheme – Short Overview
The PAVE Scheme is designed to reduce Pakistan’s dependence on fossil fuels while promoting clean and affordable transportation. The government provides financial support, capital subsidies, and easy financing options for electric vehicles.
- Objective: Accelerate EV adoption
- Focus: Bikes, rickshaws, loaders, and larger electric vehicles
- Implementation: Coordinated by EDB, State Bank of Pakistan, banks, NADRA, and OEMs
- Subsidy Period: Up to 2030
Information is confirmed by official government sources and verified top Google listings.
Phase-I Subsidy Details – Short Explanation
Phase-I focuses on 41,000 electric vehicles nationwide.
- Electric bikes: 40,000 units covered under Self Finance and Bank Lease Schemes
- Electric rickshaws/loaders: 1,000 units
- Capital subsidy: Direct transfer to verified applicants’ accounts
- Self Finance Scheme: Pay full price first, reimbursement up to Rs. 80,000
This phase is already operational, and early beneficiaries have received payments.
Phase-II Plans Short Explanation
Phase-II will expand support to 78,170 additional electric vehicles during 2025–26.
- Total subsidy: Rs. 8.95 billion
- Vehicles covered: Bikes, rickshaws, and loaders
- Implementation: Continued through EDB and partner banks
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This phase aims to increase EV penetration and support sustainable energy goals.
How to Avail Subsidy Step-by-Step Process
Follow these steps to claim the government subsidy:
- Register your electric vehicle with federal or provincial authorities
- Apply under Self Finance or Bank Lease Scheme through approved OEM or bank
- Complete verification by participating banks and EDB
- For Self Finance, pay full vehicle price to the manufacturer
- Bank transfers the subsidy directly into the applicant’s account
- Maintain records of registration, payment receipts, and subsidy confirmation
Self Finance Scheme – Short Explanation
The Self Finance Scheme allows applicants to pay the full price upfront and then receive a subsidy.
- Up to Rs. 80,000 per electric bike
- Direct transfer to applicant’s account by State Bank of Pakistan
- Ensures transparency and avoids middlemen
- Requires proper verification before disbursement
Bank Lease Scheme Short Explanation
The Bank Lease Scheme offers subsidized installment plans for electric two- and three-wheelers.
- Available through participating banks nationwide
- Low-cost financing to make EVs affordable
- Capital subsidy reduces total repayment burden
- Supports buyers who cannot pay full upfront cost
Helpline & Contact Information
For assistance regarding the PAVE Scheme and subsidies:
- EDB Helpline: 051-9205194
- State Bank of Pakistan (Subsidy Queries): 021-111-727-111
- Official Website: www.pave.gov.pk
- Bank Contacts: Check participating banks for Bank Lease Scheme
Applicants should always verify information through official channels to avoid scams.
Conclusion
The Rs. 100 billion PAVE Scheme marks a historic step toward sustainable mobility in Pakistan. By providing direct subsidies, easy financing, and capital support, the government is promoting electric vehicles nationwide, reducing fossil fuel dependence, and supporting domestic manufacturing. Early beneficiaries have started receiving funds, and the program will continue until 2030, making electric mobility accessible to millions of Pakistanis.
FAQs
Who is eligible for the PAVE subsidy?
Applicants purchasing electric bikes, rickshaws, loaders, cars, or buses under approved schemes and registered with authorities.
How is the subsidy disbursed under the Self Finance Scheme?
Pay full vehicle price first; subsidy up to Rs. 80,000 is reimbursed directly into the applicant’s account by the State Bank of Pakistan.
Can I buy an electric vehicle on installments?
Yes, through the Bank Lease Scheme via participating banks at subsidized rates.
What is the total subsidy amount and duration of the PAVE Scheme?
The government will provide Rs. 100.36 billion until 2030 across multiple EV categories.