PM Announces PAVE Scheme Phase 2 – 60% Subsidy for Electric Vehicles Under NEV Policy 2025–2030 | October Update
In a major step toward promoting sustainable transport, the Prime Minister of Pakistan has officially launched Phase 2 of the PAVE Scheme under the National Electric Vehicle (NEV) Policy 2025–2030. This initiative offers up to 60% subsidy on electric vehicle purchases, aiming to make eco-friendly mobility more affordable and accessible nationwide.
A Vision for Green and Affordable Mobility 🚗⚡
The PAVE (Pakistan Accelerated Vehicle Electrification) Scheme is a cornerstone of Pakistan’s green transition strategy. Under Phase 2, citizens will benefit from financial assistance and low-interest financing for electric vehicles, including e-bikes, e-cars, and small commercial EVs.
💬 According to government officials, the goal is to reduce fuel dependency, create new green jobs, and lower carbon emissions in line with the NEV Policy 2025–2030.
Key Highlights of the PAVE Scheme Phase 2
| Feature | Details |
|---|---|
| Subsidy Rate | 60% Government Subsidy |
| Target Beneficiaries | Middle-class families, students, and small businesses |
| Applicable Vehicles | E-bikes, E-cars, and Commercial EVs |
| Policy Duration | 2025 – 2030 |
| Financing Support | Easy installment plans via partner banks |
| Goal | Reduce carbon emissions and promote clean energy transport |
Economic and Environmental Impact 🌍
This 60% subsidy will not only make EVs more affordable but also boost local manufacturing and reduce oil import costs. The government expects a 30% rise in EV adoption by 2027, significantly cutting air pollution in major cities.
The NEV Policy 2025–2030 also encourages foreign investment in EV assembly plants and battery production units, helping strengthen Pakistan’s industrial base and create employment opportunities.
Public Response and Future Prospects 🔋
Public reaction to PAVE Phase 2 has been overwhelmingly positive, especially among youth and urban commuters who see electric vehicles as a cost-saving and eco-friendly alternative.
The Ministry of Industries and Production has announced that a dedicated online portal will soon be launched for subsidy applications and vehicle registration under the scheme.
With government support and growing awareness, Pakistan’s shift toward electric mobility appears more promising than ever. 🌟
Conclusion
The PM Announces PAVE Scheme Phase 2 – 60% Subsidy Under NEV Policy 2025–2030 marks a transformative milestone for Pakistan’s transportation sector. It aligns with the country’s commitment to green development, economic progress, and a cleaner future.
