Punjab has moved a step closer to rolling out Pakistan’s first electric taxi service, as the provincial government finalized the financing structure for the project. Although the initiative had been approved earlier this year, the latest plan outlines subsidies, vehicle options, and operational details.
According to the working paper, around 1,100 electric taxis will be introduced in Lahore in the initial phase. Chief Minister Maryam Nawaz has approved the financing scheme, under which banks will provide up to Rs. 6.5 million in loans for electric vehicles.
The government will bear the interest cost, while buyers will contribute a subsidized down payment. For vehicles priced between Rs. 4 million and Rs. 10 million, the Punjab government will pay Rs. 585,000 on behalf of buyers as part of the down payment, with the remaining cost financed through banks.
Officials said Rs. 2 billion has been allocated for the project, which will initially rely on 1,100 Chinese electric vehicles. To support the service, 18 charging stations have already been established in Lahore, with plans to expand the network gradually.
The electric taxi service is expected to reduce transport costs, curb emissions, and modernize urban mobility in Punjab.
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