Govt allocates Rs9b for EV adoption

The government has allocated Rs9 billion under the Pakistan Accelerated Vehicle Electrification (PAVE) scheme for the current fiscal year, aiming to subsidize the purchase of approximately 116,000 electric bikes and 3,000 electric rickshaws and loaders.

Responding to a query raised by Anusha Rehman during Question Hour in Senate, State Minister for Railways, Finance and Revenue Bilal Azhar Kayani stated that the initiative falls under the recently launched New Energy Vehicle (NEV) Policy 2025–30, which is aimed at accelerating the adoption of electric vehicles and enhancing local EV manufacturing capabilities.