ISLAMABAD: The federal government has announced an ambitious plan to provide 40,000 electric bikes (e-bikes) to the public at subsidised prices, aiming to promote eco-friendly transportation and reduce the country’s reliance on fuel imports.
The announcement was made by Minister for Industries and Production, Rana Tanveer Hussain, during a press conference in Islamabad on Wednesday.
Key Features of the Initiative
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The minister highlighted several incentives designed to encourage the adoption of electric vehicles (EVs) in Pakistan:
- Investment Opportunities for Foreign Investors:
The government is offering attractive incentives to foreign investors for establishing electric vehicle production plants in the country. - Environmental and Economic Benefits:
The introduction of e-bikes and other electric vehicles is expected to reduce pollution and significantly cut Pakistan’s oil import bill. - Subsidy Allocation:
A subsidy of Rs. 4 billion has been allocated for the promotion of electric two-wheelers and three-wheelers. - Soft Loans for E-Bikes:
To make the transition easier for the public, banks will offer soft loans for the purchase of e-bikes. - Reward for Academic Excellence:
As part of a special initiative, 120 electric motorcycles will be distributed free of cost to top-performing students to recognize and reward academic achievements. - Charging Infrastructure Expansion:
The government plans to establish 3,000 charging stations nationwide to support the growth of electric vehicle usage.
Punjab Government’s E-Bike Scheme Update
The Punjab government has also expanded its Chief Minister Youth Initiative for e-bikes.
- Increased Allocation:
The number of allocated e-bikes has been increased from 20,000 to 27,200, following directives from Chief Minister Maryam Nawaz. - Special Considerations for Students:
- Orphaned students will receive free bikes under the scheme.
- All female students who applied for e-bikes will also receive their two-wheelers.
- Loan Approvals and Distribution:
The Bank of Punjab has approved loans for 20,000 students to purchase bikes.- So far, 7,500 bikes have been distributed, with more deliveries occurring daily.
Impact of the Initiative
These measures are part of the government’s broader strategy to promote clean energy solutions and support sustainable transportation in Pakistan. By encouraging the use of e-bikes, the government aims to foster environmental conservation, reduce urban pollution, and make transportation more affordable for students and the general public.
Stay updated for more information on government initiatives and how they impact your daily life.
