Government Planning a Scheme to Launch E-Bikes for a Clean Environment
ISLAMABAD, January 9, 2023- The government is planning to introduce a scheme for the production of e-bikes for a clean environment.
In an effort to diversify fuel consumption and reduce carbon emissions, the Ministry of Industries and Production has devised a plan to produce 100,000 e-bikes within the first 18 months.
Following the plan’s presentation at the most recent cabinet meeting, the prime minister referred it to the Economic Coordination Committee for further financial model discussion and development. In order to stimulate the purchase of more expensive motorcycles, the ministry has proposed an Rs17.5 billion subsidy over three years.
The government would put down Rs. 90,000 toward the purchase of an e-bike, projected to cost Rs. 170,000, and the buyer would put down Rs. 10,000 for a total initial payment of Rs. 100,000.
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