PM Cheap Electric Motorcycle Scheme – Eligibility, Subsidy & Full Details

The Prime Minister’s Electric Vehicle (EV) Scheme is offering affordable electric motorcycles and rickshaws with heavy government subsidy.

If you are planning to buy an electric bike, this could be a major opportunity — but first, you need to check whether you qualify.

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According to the CEO of the Engineering Development Board, detailed information about subsidy allocation and eligibility has now been shared.

How Much Budget Is Allocated?

The government has allocated:

• Rs. 100 billion for the next 5 years under the EV scheme

• Rs. 9 billion specifically for the current fiscal year

This funding aims to promote electric mobility and reduce fuel dependency in Pakistan.

How Much Subsidy Will You Get?

Electric Motorcycle Subsidy

• Rs. 80,000 per bike

• 1,16,000 bikes to receive subsidy this year

• Target: 76,000 bikes to be delivered by June

Electric Rickshaw Subsidy

• Rs. 400,000 per rickshaw

Officials say PM-branded EV bikes will be Rs. 50,000 to Rs. 60,000 cheaper than other brands after subsidy.

Who Is Eligible for the Scheme?

You can apply if you meet the following criteria:

✔ Age must be 18 years or above
✔ Must have a valid driving license
✔ Must fulfill registration requirements
✔ Application process through automated system

The entire process is linked to a transparent digital system to ensure fairness.

How Much Can You Save Monthly?

According to officials, electric bikes can help save up to Rs. 8,000 per month in petrol expenses.

The savings formula can be understood as:

$$MonthlySavings=PetrolCost–ElectricityChargingCost$$

Since electric charging costs significantly less than petrol, long-term savings can be substantial.

Over one year, savings could exceed Rs. 90,000 depending on usage.

Why Is the Government Promoting EV Bikes?

The scheme aims to:

• Reduce environmental pollution

• Cut fuel import bill

• Promote local EV manufacturing

• Provide affordable transport to youth

• Encourage green mobility

Electric vehicles produce zero tailpipe emissions, making them environmentally friendly.

Is the Scheme Transparent?

The CEO of the Engineering Development Board stated that:

• The scheme is 100% transparent

• Fully connected to automated systems

• No manual interference in selection process

This reduces corruption and ensures fair allocation.

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