Govt Approves New Subsidy Plan Under Revised EV Policy 2026
The federal government has approved a new subsidy plan under Pakistan’s revised New Energy Vehicle (NEV) Policy 2025–30 to promote electric bikes, rickshaws, and clean transportation nationwide.
According to reports, the Economic Coordination Committee (ECC) approved Phase 2 of the Pakistan Accelerated Vehicle Electrification (PAVE) Program with a fresh subsidy package worth nearly Rs. 9 billion.
Under the revised EV policy, electric bikes, loaders, and rickshaws will now be distributed on a first-come, first-served basis instead of the previous balloting system.
Officials said the updated subsidy plan aims to speed up electric vehicle adoption, reduce fuel imports, and encourage environmentally friendly transportation in Pakistan.
The new policy reportedly offers subsidies of up to Rs. 80,000 for electric bikes under the revised PAVE scheme.
The government is targeting the distribution of around 76,000 electric bikes and more than 2,000 electric rickshaws during the second phase of the program.
Reports suggest weak bank participation during Phase 1 forced authorities to revise the subsidy and financing structure for faster implementation.
The revised NEV Policy 2025–30 aims to convert 30% of new vehicle sales in Pakistan to new energy vehicles by 2030.
Officials believe the policy could help Pakistan reduce oil imports, lower carbon emissions, and support local electric vehicle manufacturing industries.
The government is also planning nationwide EV charging infrastructure, including thousands of charging stations across major highways and cities by 2030.
Industry experts say rising petrol prices and government subsidies are increasing public interest in electric bikes and EV transportation across Pakistan.
