Stop paying for expensive petrol! The Government of Pakistan has started transferring direct subsidy amounts—up to Rs. 80,000—into the bank accounts of successful applicants under its massive Rs. 100 billion electric vehicle (EV) subsidy scheme. If you want to buy an electric bike or rickshaw, this is your chance to get it at a heavily discounted price through the Prime Minister’s PAVE Scheme, which aims to make eco-friendly transport affordable for everyone until 2030.
This Electric Vehicles initiative, managed by the Engineering Development Board (EDB), is a game-changer for students, professionals, and business owners. The subsidy disbursement for Phase-I is already underway, meaning verified buyers are getting money back in their accounts right now. This guide explains exactly how you can apply, qualify, and get your share of this financial benefit.
| Scheme Overview | Key Detail |
|---|---|
| Scheme Name | Pakistan Accelerated Vehicle Electrification (PAVE) |
| Total Subsidy Pool | Rs. 100.36 Billion (Till 2030) |
| Phase-I Target | 41,000 EVs (Bikes & Rickshaws) |
| Max. Subsidy per Bike | Up to Rs. 80,000 |
| Implementing Body | Engineering Development Board (EDB) |
Who is Eligible for the Electric Vehicles?
The scheme is broad, but you must meet basic criteria to qualify for the financial support.
Expected Eligibility Criteria:
- Valid CNIC Holder: Must be a Pakistani national with a valid CNIC.
- Age Limit: Likely to be 18 years or older.
- First-Time EV Buyer: Priority may be given to first-time electric vehicle buyers.
- Vehicle Registration: Must register the purchased EV with the relevant authorities.
- Purchase from Approved OEMs: Must buy from government-approved manufacturers and dealers.
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How Does the Subsidy Work? (Two Options)
You can avail the subsidy through two different methods:
Option 1: Self-Finance Scheme
- You pay the full price of the electric bike/rickshaw to the approved manufacturer.
- Apply for the subsidy through the official channel.
- After verification, a subsidy of up to Rs. 80,000 is reimbursed into your bank account by the State Bank of Pakistan.
Option 2: Bank Lease Scheme
- Approach a participating bank (like HBL, UBL, etc.) for a lease.
- Get the electric vehicle on easy monthly installments.
- The government’s subsidy is already factored in, reducing the total amount you need to finance.
What is the Step-by-Step Application Process?
While the exact portal may be updated, the general process will involve these steps:
- Check Approved List: Visit the EDB or Ministry of Industries website to see the list of approved electric bike models and dealers.
- Purchase Vehicle: Buy the vehicle from an approved dealer under the Self-Finance or Bank Lease scheme.
- Submit Documents: The dealer or bank will help you submit required documents (CNIC copy, sale invoice, etc.) for subsidy claim.
- Verification: NADRA and EDB will verify your application and vehicle details.
- Receive Subsidy: Once verified, the subsidy amount will be transferred directly to your bank account.
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| Phase Details | Vehicles to be Subsidized | Total Subsidy |
|---|---|---|
| Phase-I (Current) | 40,000 Bikes + 1,000 Rickshaws/Loaders | Part of Rs. 100Bn |
| Phase-II (2025-26) | Additional 78,170 EVs | Rs. 8.95 Billion |
How to Check Your Electric Vehicles Subsidy Status?
Once you have applied, you can track your claim:
- Through Dealer/Bank: Your point of sale will have updates.
- Official Portal: A dedicated online tracking system on the EDB website is expected.
- SMS Service: The government may launch an SMS service for status updates.
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Why is This Scheme Important?
This isn’t just about personal savings; it’s a national shift:
- Economic Relief: Reduces the import bill for fossil fuels.
- Industrial Growth: Boosts local manufacturing of EVs and parts.
- Urban Health: Decreases noise and air pollution in cities.
- Job Creation: Creates new jobs in the green technology sector.
FAQs
1. What is the maximum subsidy on an Electric Vehicles?
The subsidy can be up to Rs. 80,000 for an electric two-wheeler under the current phase.
2. Can I get the subsidy in cash?
No. The subsidy is reimbursed electronically directly to the beneficiary’s bank account after verification.
3. Is there a last date to apply?
The scheme runs until 2030, but slots are limited per phase. Apply as soon as possible when applications for a new phase open to avoid missing out.
4. Where can I see the list of approved bikes?
The official list of approved manufacturers and models is available on the website of the Engineering Development Board (EDB).
5. Do I have to be a tax filer to apply?
The detailed eligibility criteria are being finalized. However, having a valid CNIC and being a first-time EV buyer are the primary requirements announced so far.
Conclusion
The government’s Rs. 100 billion Electric Vehicles scheme is a transformative opportunity to switch to affordable and sustainable electric transportation. With direct bank transfers of up to Rs. 80,000 already happening, there has never been a better time to buy an electric bike or rickshaw. Visit the official EDB website, find an approved dealer, and start your application to reduce your travel costs and contribute to a greener Pakistan.
This article is for informational purposes only. SmartFixers.pk is not an official government website and is not affiliated with any government department. Readers are advised to verify all information from official government sources before taking any action.
Our editorial team publishes original and informational content for educational purposes only.
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