ISLAMABAD: The government on Thursday unveiled Pakistan’s new Electric Vehicle (EV) Policy 2025-30, announcing a five-year subsidy of over Rs100 billion ($353 million) for electric bikes and rickshaws.
The move comes amid a steady rise in electric vehicle adoption in a market traditionally dominated by Japanese automakers. Pakistan’s urban areas exhibit some of the world’s highest levels of air pollution, with road transport being a major contributor.
Chinese and Korean EV brands are increasingly entering the local market, making these vehicles a more frequent sight in cities such as Islamabad, Lahore and Karachi.
“Total subsidy over five years will be over Rs100 billion and it will basically be focused on the two-and-three wheelers,” Haroon Akhtar Khan, a close aide to Prime Minister Shehbaz Sharif, told a news conference. “We will have subsidized financing for 116,053 electric bikes, 3,171 rickshaws.”
“A Rs9 billion [$31 million] subsidy will be allocated, and it is already there in the 2025-26 budget,” he continued.
