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Pakistan to launch Rs50,000 E-Bike subsidy under New EV Policy
- The Government of Pakistan plans to introduce a subsidy program for electric bikes under the New Electric Vehicle (NEV) policy.
- The initiative aims to promote sustainable and cost-effective mobility options, aligning with the vision of Prime Minister Shehbaz Sharif.
- Subsidies will be provided for 116,000 electric bikes and three-wheelers, with a budget allocation of Rs 4 billion.
- Each electric motorcycle will receive a Rs50,000 subsidy, while three-wheelers will be eligible for a Rs200,000 subsidy.
- 25% of the subsidized e-bikes will be reserved for women to enhance mobility for female citizens.
- Key government officials, including Saif Anjum and Ambreen Jan, discussed the significance of clean mobility and green transport.
- The government aims to reduce carbon emissions and create an accessible framework for adopting electric vehicles.
- The initiative seeks to drive a nationwide shift towards clean mobility and make transportation more affordable and accessible.
- The NEV policy is expected to be a significant step in Pakistan's journey towards environmental sustainability and energy efficiency.
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