PM EV Bikes Program 2026 Pakistan – Apply Now And Get Electric Bike
The PM EV Bikes Program 2026 is a groundbreaking initiative launched by the Government of Pakistan to make eco-friendly electric transportation more affordable and accessible to the public. This scheme is part of the larger Pakistan Accelerated Vehicle Electrification (PAVE) strategy aimed at promoting sustainable mobility and reducing fuel dependency.
Under this program, applicants can purchase electric bikes and rickshaws through a direct subsidy and 0% markup financing. The initiative is especially designed for students, employees, women, and small business owners who need cost-effective daily commuting solutions.
What is the PM EV Bikes Program 2026?
The PM EV Bikes Program 2026 aims to revolutionize urban transport in Pakistan by introducing two-wheeler and three-wheeler electric vehicles at affordable prices. The government is providing PKR 50,000 subsidy for e-bikes and PKR 200,000 subsidy for electric rickshaws, along with interest-free loans and easy monthly installments.
This scheme encourages cleaner mobility, reduces petrol import bills, and supports the country’s green future goals.
Key Objectives of the PM EV Bikes Scheme 2026
- Affordable Mobility: Provide low-cost electric bikes and rickshaws through subsidy and installment plans.
- Fuel Efficiency: Reduce reliance on petrol and lower import bills.
- Women Empowerment: Reserve 25% quota for female applicants.
- Eco-Friendly Transport: Minimize carbon emissions and pollution.
- Job Creation: Support small businesses and entrepreneurship.
PM PAVE Program 2026 – Overview
The PAVE Program has introduced two major categories of vehicles:
- Two-Wheelers – Electric bikes and scooters
- Three-Wheelers – Electric rickshaws and loaders
Planned Distribution:
- 116,000 electric bikes across Pakistan
- 3,170 electric rickshaws/loaders
Online Registration: https://pave.gov.pk/register
PM EV Bikes Subsidy and Loan Structure
PM Electric Bikes Scheme
- PKR 50,000 subsidy on each e-bike
- Balance amount payable through 0% markup installments
- Maximum loan amount: PKR 250,000
- 25% quota for women
- Age eligibility: 18 to 65 years
PM EV Rickshaw & Loader Scheme
- PKR 200,000 subsidy on each rickshaw/loader
- Loan financing up to PKR 1,100,000
- Age eligibility: 21 to 65 years
- Ideal for entrepreneurs and small businesses
Tenure & Terms
- E-Bikes: 2 years installment plan
- Rickshaws/Loaders: 3 years installment plan
- 0% markup
- No processing fee or penalty on early settlement
Eligibility Criteria for PM EV Bikes & Rickshaw Scheme
General Requirements
- Pakistani citizen with valid CNIC
- Valid or in-process driving license
- Age: 18–65 years (e-bikes), 21–65 years (rickshaws/loaders)
Financial Requirements
- Proof of monthly income (salary slip, business proof, or bank statement)
- Ability to pay down payment and installments
Application Limits
- One vehicle per applicant
- Fleet operators can apply under special terms
Gender Quota
- 25% reserved for women, with priority to students and working women
Disqualification
- Misuse of previous government schemes
- Fake or invalid documents
- Multiple entries from the same applicant
How to Apply for PM EV Bikes Program 2026
Step 1: Visit Official Portal
Go to https://pave.gov.pk/register. Do not trust unofficial links or agents.
Step 2: Create an Application
Enter CNIC and personal information. Upload income or bank details.
Step 3: Select Vehicle Type
Choose between e-bike or rickshaw/loader and select a model from the approved list.
Step 4: Submit Application
Review details carefully and submit to receive a tracking ID.
Step 5: E-Balloting
Applications undergo digital scrutiny and a transparent computerized e-ballot for fair selection.
Step 6: Notification
Selected applicants receive SMS, email, and portal notifications.
Step 7: Bank Verification & Loan
Partner banks verify documents and finalize the 0% markup loan plan.
Step 8: Vehicle Delivery
After approval, the OEM (manufacturer) coordinates delivery directly to the applicant.
Important Guidelines
- Only online applications are accepted.
- No SMS or offline forms.
- Helpdesk: 1048 (Monday–Friday, 9 AM – 5 PM)
- No agent or middleman is authorized to charge any fee.
- Only one application per person is allowed.
Required Documents for Registration
- Valid CNIC (front and back)
- Recent passport-size photograph
- Proof of income or bank statement
- Additional documents as required by the partner bank
E-Balloting System for PM EV Bikes
The selection process for the PM EV Bikes Program 2026 is fully transparent:
- Digital entries with no manual intervention
- Fair computerized selection
- Upfront subsidy + 0% markup financing for selected applicants
PM EV Bikes Approved Models and Prices
A wide range of electric bikes and rickshaws are available under this scheme from approved manufacturers such as:
- Jolta Electric Pvt Ltd
- United Auto Industries
- Crown Benling EV
- MS Jaguar Automobiles
- Nova Mobility
Price Range:
- E-Bikes: PKR 200,000 – PKR 500,000+
- Rickshaws/Loaders: PKR 800,000 – PKR 1,300,000+
PM EV Bikes Partner Banks
The government has partnered with multiple banks to offer financing:
- National Bank of Pakistan
- Bank of Punjab
- Sindh Bank
- Habib Bank Limited
- Meezan Bank Limited
- United Bank Limited
- and more…
Benefits of PM EV Bikes Scheme
- Fuel Savings: Up to 60% cheaper than petrol vehicles
- Low Maintenance: Fewer moving parts and easier servicing
- Empowerment: 25% quota for women to encourage independence
- Environmental Protection: Supports Pakistan’s green goals
- Business Opportunities: Ideal for delivery and logistics startups
Registration Deadline
The PM EV Bikes Program 2026 registration will remain open until 30 October 2026 at 5:00 PM.
FAQs
Who can apply for PM EV Bikes Program 2026?
All Pakistani citizens aged 18–65 (for bikes) and 21–65 (for rickshaws/loaders).
Can women apply for the scheme?
Yes, 25% quota is reserved for female applicants.
What vehicles are included in the program?
Electric two-wheelers (bikes & scooters) and electric three-wheelers (rickshaws & loaders).
How do I register?
Apply only via the official portal: https://pave.gov.pk/register
Is the loan interest-free?
Yes, the financing is offered at 0% markup.
How will I receive the vehicle?
Delivery is handled by the OEM after loan approval.
What is the subsidy amount?
PKR 50,000 for e-bikes and PKR 200,000 for rickshaws/loaders.
Conclusion
The PM EV Bikes Program 2026 is more than just a transport initiative — it’s a major step toward a sustainable, affordable, and inclusive future for Pakistan. With subsidies, 0% markup financing, and a fair selection process, this program provides thousands of Pakistanis a chance to shift to clean and modern mobility solutions.
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