PM Electric Bike Scheme 2026: The Short Version
With petrol at Rs 390.66 per litre (2 October 2026), the daily commute has become one of the biggest costs in many household budgets. That is why so many riders are searching for the PM Electric Bike Scheme, officially the Pakistan Accelerated Vehicle Electrification (PAVE) programme.
Under PAVE, you can buy an approved electric bike with a government subsidy of up to Rs 80,000, or take an interest-free instalment plan with a smaller subsidy. This guide explains both routes, who can apply, how to apply on pave.gov.pk, where the scheme stands right now, and whether an e-bike actually makes sense for you.
Two Ways to Use the Subsidy
The scheme gives you a choice between paying upfront for a bigger subsidy, or paying in instalments with no interest and a smaller subsidy.
| Self-Finance Route | Bank Lease Route | |
|---|---|---|
| Subsidy on e-bike | Rs 80,000 | Rs 50,000 |
| How you pay | Pay the full price upfront | Instalments through a partner bank |
| Markup | Not applicable | 0% (interest-free) |
| Tenure | Not applicable | Up to 24 months |
| When you get the subsidy | Refunded to your bank account after delivery and document checks | Built into the financing |
| Rickshaw or loader subsidy | Rs 400,000 | Rs 200,000 |
Amounts as published for the current phase. Confirm on pave.gov.pk before applying, as rules have changed between phases.
What it costs you: a worked example
Take an approved e-bike priced at Rs 230,000:
- Self-finance: you pay Rs 230,000 upfront, then Rs 80,000 comes back to your account after delivery. Your real cost is Rs 150,000.
- Bank lease: the Rs 50,000 subsidy brings the amount down to Rs 180,000, paid interest-free over up to 24 months. That is roughly Rs 7,500 a month, before any bank charges or insurance.
If you have the cash, self-finance saves you Rs 30,000 more. If you don't, the bank route spreads the cost with no interest.
Who Can Apply?
- Pakistani citizens with a valid CNIC (an expired CNIC will stop your application)
- Age 18 to 65 for e-bikes, 21 to 65 for rickshaws and loaders
- Applicants from all provinces, AJK and Gilgit-Baltistan
- Proof of income and an existing bank account
- You must not have received a vehicle under a previous government EV subsidy
- 25 percent of the quota is reserved for women
Rules to know before you apply: one vehicle per applicant, you cannot change the model after submitting, and on the bank route you cannot sell the bike until the loan is paid off.
How to Apply on pave.gov.pk
- Go to the official portal at pave.gov.pk and create an account with your CNIC, mobile number and email.
- Choose your category (bike, rickshaw or loader) and your route (self-finance or bank lease).
- Pick an approved model from the PAVE list.
- Upload your CNIC, photo, income proof and bank details.
- Submit and wait for confirmation by SMS or email.
- After delivery, register the bike with your provincial Excise department. Only registered vehicles qualify for the subsidy.
Only pave.gov.pk is official
Look-alike sites such as epave.org.pk and pavegov.org.pk are not the government portal. Applying is free, and no agent can get you priority for a fee. For help, call the official helpline 1048.
Where the Scheme Stands Now (October 2026)
Demand has been far higher than the system has delivered so far. By mid-August 2026:
| Stage | Number |
|---|---|
| Applications received | 83,000+ |
| Approved | About 15,800 |
| Bank loans disbursed | About 4,000 |
| Vehicles delivered | 1,500+ |
As of early October 2026 there was no open sign-up window for new applicants on the portal. If you want to apply in the next round, keep your documents ready, check pave.gov.pk regularly, and call 1048 for updates. People searching for the PM e-bike scheme 2027 should watch for the next phase announcement, as new rounds have so far opened with little notice and fill quickly.
Live in Punjab? The provincial CM Punjab E-Bike Scheme runs separately, with zero down payment options for students, and may be easier to get into.
Is an Electric Bike Worth It?
Reasons to go electric
- Big fuel savings. A 70cc petrol bike riding 1,000 km a month now burns about Rs 7,800 of petrol. Charging an e-bike for the same distance costs roughly Rs 1,400.
- Lower maintenance. No engine oil, spark plugs or tuning.
- The subsidy closes the price gap. After Rs 80,000 back, many approved e-bikes cost about the same as a new Honda CD 70.
Reasons to be careful
- Range. Real-world range is usually 50 to 90 km per charge, fine for the city but not for intercity trips.
- Battery cost. The battery is the most expensive part. Get the warranty in writing.
- Service network. Some EV brands still have thin support outside big cities, unlike a CD 70 that any mechanic can fix.
- Charging and load shedding. You need a safe place to charge overnight.
- Resale. The used e-bike market is still young, and petrol Hondas resell far better.
For a full breakdown of e-bike prices, range and running cost, read our electric bikes in Pakistan guide. For payback periods and the risks of buying from one of 84 new brands, see Pakistan's electric bike boom.
Not Eligible or Can't Wait?
- Browse all electric bikes with current prices and buy without the scheme.
- Want instalments on a petrol bike instead? See bike finance or interest-free Bike Ijarah.
- Check today's petrol price and the real on-road cost with the price calculator.
- Switching from petrol? Sell your current bike free on Byke Lelo.
Frequently Asked Questions
How much subsidy does the PM Electric Bike Scheme give?
Rs 80,000 on an e-bike if you pay the full price yourself (refunded after delivery), or Rs 50,000 if you take the interest-free bank instalment route. Rickshaws and loaders get Rs 400,000 or Rs 200,000.
Is the PAVE loan really interest-free?
Yes. The bank route is 0% markup over up to 24 months. You repay the bike price minus the Rs 50,000 subsidy, with no interest.
Where do I apply for the PM e-bike scheme?
Only at pave.gov.pk. Sites like epave.org.pk are not official. The helpline is 1048.
Is PAVE registration open right now?
As of early October 2026, no new sign-up window was open. Check pave.gov.pk or call 1048 for the next round.
Which bikes can I buy under the scheme?
Only approved models on the PAVE list. There are 59 approved two-wheelers priced from about Rs 201,000 to Rs 577,000, and 37 of them cost Rs 250,000 or less.
Can I sell my PAVE e-bike?
Not until the bank loan is fully repaid if you used the bank route. You also cannot change the model after applying.
Is an electric bike better than a Honda CD 70?
For short city commutes, an e-bike wins on running cost and maintenance. The CD 70 still wins on range, resale value and nationwide repair support.
Scheme details are from the official PAVE programme and reporting up to 2 October 2026. Rules and windows change between phases, so always confirm on pave.gov.pk before applying. Byke Lelo is not affiliated with the PAVE programme.
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