The federal government plans to provide 40,000 electric motorcycles (e-bikes) to the public at subsidized prices. Minister for Industries and Production Rana Tanveer Hussain shared this news during a press conference in Islamabad.
The initiative aims to promote electric vehicles in Pakistan to reduce pollution and cut down the country’s oil import bill. A subsidy of Rs. 4 billion has been allocated to support the adoption of electric two-wheelers and three-wheelers.
To make the transition easier, banks will offer soft loans to the public. Additionally, 120 electric motorcycles will be distributed free of charge to top-performing students as a reward for their academic excellence.
The government is also focusing on building the necessary infrastructure. Around 3,000 charging stations will be established nationwide to support the use of electric vehicles.