The Government of Pakistan has taken a big step to support electric vehicles in Pakistan. A total of Rs9 billion has been approved to help people buy electric bikes and rickshaws. The aim is to reduce pollution and promote the use of eco-friendly vehicles. This decision was made during a meeting of the Economic Coordination Committee (ECC) led by the Finance Minister. Other financial matters were also discussed, including support for universities.
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| Main Topic | Details |
| Subsidy for Electric Vehicles | Rs9 billion for e-bikes and rickshaws |
| Free Electric Bikes for Students | For high-performing students in government colleges |
| First Phase | 40,000 e-bikes and 1,000 rickshaws/loaders |
| Reward for Petrol to Electric Conversion | Rs100,000 reward in Punjab |
Electric Vehicles in Pakistan: Rs9 Billion Subsidy for Public Use
The Government of Pakistan has approved a Rs9 billion subsidy to promote electric vehicles in Pakistan. This plan will help in reducing fuel use and air pollution. The money has been set aside in the budget for the year 2025-26. The Ministry of Industries and Production shared this plan with the ECC, and it was accepted to begin soon. This project will focus on giving electric bikes and rickshaws at a low cost, and some students will even get them free of cost. It is part of the Prime Minister’s bigger plan to modernize transportation in the country.
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Electric Bikes in Pakistan: Free Bikes for Brilliant Students
Free electric bikes for students are an intriguing aspect of this program. This benefit is only for students studying in government colleges. But not all students will get it. Only those who get top marks will be chosen. This plan helps reward hardworking students and also spreads awareness about electric vehicles. The goal is not just to give bikes but to also support young people and make the future greener. The selected students will receive their e-bikes without paying anything, which will also help their families save fuel money.
First Phase of Electric Vehicles in Pakistan Rollout
The electric vehicles plan will be completed in two phases. The first phase is starting soon and will bring 40,000 electric bikes and 1,000 electric rickshaws/loaders to the public. These vehicles will be used by students, daily workers, and small business owners. The second phase will cover even more people. This step-by-step rollout will help the government see how well the program works and make changes if needed. The Finance Division has confirmed that this plan is ready to begin under the Prime Minister’s special initiative.
Punjab Government Offers Rs100,000 Reward for Bike Conversion
The Punjab Government has also started a reward program for people who change their petrol bikes into electric ones. If you change your petrol bike to electric, you can get Rs100,000 from the Punjab government. This step is part of the Green Credit Program. It encourages people to help the environment.
Here’s what you need to know:
- Motorcyclists must convert their petrol bike into an electric one.
- After conversion, they can apply for the cash reward.
- The reward amount is Rs100,000 per person.
- People can visit https://greencredit.punjab.gov.pk for more information.
The aim of this reward is to support the environment and save fuel.
More Financial Decisions by the ECC
Besides the electric vehicle plan, the ECC also made some other financial decisions. A Rs30 billion technical supplementary grant was approved to pay for pending dues from the last year. These payments are under the Telegraphic Transfer Charges Incentive Scheme. This decision will help clear the government’s past dues. Another important point was about Quaid-i-Azam University. The ECC approved a Rs2 billion bailout grant for the university, but only if the university shares a plan to become financially stable in the future. These decisions show that the government is working on many financial areas.
Green Credit Program and Forest Initiative in Punjab
The Punjab government is not only giving cash rewards for bike conversion. It is also working on a Green Credit Program where citizens can earn money by planting trees. The aim is to reduce the carbon footprint and make cities greener. The government has also launched a forest adoption plan. Under this plan, both individuals and companies can adopt parks or forest areas. This helps keep nature safe and also teaches people how to protect the environment. The Environment Department is taking a lead role in these programs, under the leadership of Chief Minister Maryam Nawaz Sharif.
Conclusion
In this article, we are sharing all the details about the Rs9 billion subsidy for electric vehicles in Pakistan. This includes the rollout of electric bikes and rickshaws, free bikes for students, and Punjab’s Rs100,000 reward for converting petrol bikes. The government is also working on other financial plans to support the economy and the environment. The electric vehicle plan is a major step toward a clean and green Pakistan.
FAQs
1. Who can apply for the free electric bike scheme?
Only top-performing students in government colleges are eligible for the free electric bikes.
2. How can I apply for the Rs100,000 reward in Punjab?
You must convert your petrol bike to electric and apply through the official Green Credit Program website.
3. When will the first phase of electric vehicles be launched?
The first phase is expected to start soon and will include 40,000 e-bikes and 1,000 rickshaws/loaders.
4. What is the Green Credit Program and how does it work?
The Green Credit Program allows people to earn money or rewards by planting trees or converting to electric vehicles in Punjab.