Government Subsidy SBP EV Scheme 2025 – Complete Loan & Installment Details

The Government Subsidy SBP EV Scheme 2025 has introduced the Electric Vehicle (EV) Scheme 2025 to make eco-friendly transportation affordable and accessible. Rising fuel costs, growing environmental concerns, and the government’s commitment to green energy have made this scheme a groundbreaking initiative for individuals and small businesses alike.

This article provides complete details about the government subsidy, eligibility, loan terms, and the application process under the SBP EV Scheme 2025.

What Is SBP Electric Vehicle Scheme 2025?

The SBP Electric Vehicle Scheme 2025 is a financing program launched in collaboration with commercial banks to support the purchase of electric bikes and rickshaws. The government provides direct subsidies and zero-markup loans, enabling citizens to shift from petrol-based vehicles to EVs.

The main goals of the scheme include:

• Reducing dependence on imported petroleum products.
• Promoting renewable energy and eco-friendly transport.
• Providing affordable mobility solutions to low- and middle-income citizens.
• Supporting small entrepreneurs such as rickshaw drivers.

Read More: How to Prepare for PAVE Subsidy Installment Payments

Government Subsidy in SBP EV Scheme 2025:

The government is offering a capital subsidy to reduce the upfront cost of EVs. Here are the details:

• Electric Bike Subsidy: Rs. 50,000 per unit.
• Electric Rickshaw Subsidy: Rs. 200,000 per unit.

This subsidy makes electric vehicles much more affordable. For example, an electric bike costing Rs. 200,000 will cost only Rs. 150,000 after subsidy. Similarly, an electric rickshaw priced at Rs. 700,000 will effectively cost Rs. 500,000.

Debt-to-Equity Ratio in EV Financing 2025:

Under the Cost Sharing Mechanism, the scheme follows a 70:30 debt-to-equity ratio.

• 70% Loan: Provided by the bank under SBP financing guidelines.
• 30% Equity: Paid by the customer as a down payment.

This ratio ensures that the customer shares responsibility, while banks and the government make financing easier with low-cost credit.

Read Also: Latest Electric Bike Models Eligible for PAVE Subsidy in Pakistan 2025

Interest-Free Loans for Electric Vehicles 2025:

One of the biggest benefits of the SBP EV Scheme 2025 is 0% markup financing. Borrowers do not have to pay any interest on their loans, making monthly installments highly affordable.

For example:

• Loan for Electric Bike = Rs. 150,000 (after subsidy & down payment).
• Loan tenure = 3 years.
• EMI (monthly installment) ≈ Rs. 4,200 only.

This makes EVs accessible even for daily wage earners and small business owners.

EMI Calculator for SBP EV Scheme 2025:

To help applicants plan better, SBP has introduced an EMI Calculator through banks’ digital portals. By entering the loan amount, subsidy, and tenure, customers can calculate their monthly installment (EMI) before applying.

Example Calculation for Electric Rickshaw:

• Price = Rs. 700,000
• Subsidy = Rs. 200,000
• Customer Equity (30%) = Rs. 150,000
• Remaining Loan = Rs. 350,000
• Tenure = 5 years
• EMI = Rs. 5,800 approx.

Eligibility Criteria for SBP EV Scheme 2025

To apply for the subsidy and loan, applicants must meet the following requirements:

1. Pakistani citizen with CNIC.
2. Age limit: 21–60 years.
3. Regular income proof (salary slip, business registration, or income certificate).
4. For rickshaw financing, applicants must have a valid driving license.
5. No previous loan default history.

Required Documents

Applicants need to submit:

• Copy of CNIC.
• Two passport-size photographs.
• Proof of income (salary slip or business proof).
• Bank statement (if available).
• Driving license (for rickshaw applicants).

Read More: PAVE Balloting Process A Step-by-Step Guide

How to Apply for SBP Electric Vehicle Scheme 2025:

The application process is fully digitalized through participating banks.

Step 1: Online Registration

Visit the official digital loan portal of your bank and fill out the SBP EV Scheme 2025 form.

Step 2: Document Upload

Upload scanned copies of CNIC, photographs, and income proof.

Step 3: Loan Processing

The bank verifies eligibility, credit history, and subsidy approval.

Step 4: Subsidy Approval

Government verifies the applicant’s CNIC through NADRA and approves subsidy.

Step 5: Vehicle Delivery

After loan approval, the applicant receives the electric bike or rickshaw through a registered dealer.

Benefits of SBP EV Scheme 2025:

• Affordable ownership due to government subsidy.
• Zero markup loans reduce financial burden.
• Environment-friendly solution for pollution reduction.
• Lower running costs compared to petrol vehicles.
• Financial empowerment for small entrepreneurs.

Challenges in Implementation:

While the scheme is promising, there are a few challenges:

• Limited availability of charging stations.
• Battery replacement costs after a few years.
• Banks’ strict loan approval policies for low-income applicants.

The government is working on expanding charging infrastructure and providing future subsidies for batteries.

Future Expansion Plans 2025:

SBP and the government have announced plans to:

• Increase subsidy amounts in future phases.
• Introduce leasing options for e-buses and small EVs.
• Expand the scheme to rural areas.
• Establish EV charging hubs across Punjab, Sindh, and KPK.

FAQs – SBP EV Scheme 2025:

Conclusion:

The Government Subsidy under SBP Electric Vehicle Scheme 2025 is a game-changer for Pakistan’s transportation sector. By offering direct subsidies, zero-interest loans, and digitalized applications, the scheme not only makes EVs affordable but also pushes Pakistan toward a greener future.