The Economic Coordination Committee (ECC) of the Cabinet Tuesday approved a summary submitted by the Ministry of Industries and Production regarding the implementation of a subsidy scheme to promote the adoption of electric bikes and rickshaws.
The ECC meeting, chaired by Federal Minister for Finance Senator Muhammad Aurangzeb, approved the summary.
A budgetary provision of Rs. 9 billion has already been made for FY 2025-26 to finance this initiative. The scheme also includes the provision of free electric bikes to top-performing students of government colleges.
As per the approved plan, 116,000 electric bikes and 3,170 electric rickshaws/loaders will be introduced in two phases. In the initial phase, expected to be launched by the Prime Minister shortly, 40,000 electric bikes and 1,000 electric rickshaws/loaders will be rolled out.
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