On Wednesday, the federal government announced plans to provide the public with 40,000 electric bikes (e-bikes) at subsidized prices.
Industries and Production Minister Rana Tanveer Hussain announced this during a press conference in Islamabad.
Minister Hussain highlighted the significant incentives offered to foreign investors for setting up electric vehicle plants in Pakistan. He emphasized that introducing electric vehicles will cut pollution and reduce the country’s oil import expenses.
The government has set aside a Rs 4 billion subsidy to boost the adoption of electric two-wheelers and three-wheelers. To facilitate this shift, banks will provide soft loans to the public.
“Under our subsidy scheme, we will distribute 40,000 electric motorcycles, including 120 motorcycles gifted to top-performing students nationwide, to celebrate academic success,” Minister Hussain added. He also noted plans to establish about 3,000 charging stations nationwide for electric vehicles.
Read: Punjab Boosts Electric Bike Program, Prioritizes Female Students
Earlier the same day, the Punjab government, under the Chief Minister Youth Initiative, increased its allocation of e-bikes from 20,000 to 27,200. A Punjab Transport Department spokesperson stated that orphaned students would receive bikes for free, and all female students who applied would also receive their e-bikes, as confirmed.
The Bank of Punjab has approved loans for 20,000 students to purchase these bikes. 7,500 bikes have been handed out, and distributions continue daily.
