pave gov pk Monthly Repayment Schedule and Installments Plan for PM E-Bike and Rickshaw Scheme 2025

The PM E-Bike and Rickshaw Scheme 2025 aims to promote electric transport by offering bikes and rickshaws at subsidized rates through the PAVE program. Citizens aged 18–65 can apply for electric bikes, and those aged 21–65 for electric rickshaws and loaders. Repayment will be done in easy interest-free installments, with support from the Government of Pakistan.

Loan and Installment Plan Overview

Vehicle Type	Max Subsidy	Loan Cap (Max)	Equity Participation	Loan Tenure	Insurance Rate
2-Wheeler	Rs. 50,000	Rs. 200,000	20%	24 months	2%
3-Wheeler	Rs. 200,000	Rs. 880,000	20%	36 months	2%

Stamping charges and registration fee will be part of the downpayment and paid at actual cost.

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Sample Two-Wheeler Models & Monthly Installments

1. VELOCITY – Rs. 249,000

Company: Vitality Electric Vehicles

• Downpayment: Rs. 4,980
• Loan: Up to Rs. 200,000
• Monthly Installment: Rs. 8,674 (as per official calculator)

2. Jolta JE-70L – Rs. 237,900

Company: Jolta Electric Pvt Ltd

• Subsidy reduces cost to Rs. 187,900
• Loan after 20% equity (Rs. ~47,580): Rs. ~150,320
• Monthly: ~Rs. 6,263 over 24 months

3. MS Jaguar BOLT – Rs. 234,900

Company: MS Automobiles Pvt Ltd

• Loan: ~Rs. 147,920
• Monthly: ~Rs. 6,163

4. Yadea M3H – Rs. 250,000

Company: Eiffel Industries Ltd (Road Prince)

• After Rs. 50,000 subsidy, financing is Rs. 200,000
• Monthly: ~Rs. 8,333

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Sample Three-Wheeler Models & Monthly Installments

1. SAZGAR Shuttle (90Ah) – Rs. 1,160,000

Company: Sazgar Engineering Works Ltd

• Subsidized price: Rs. 960,000
• Downpayment (20%): Rs. 192,000
• Loan: Rs. 768,000
• Monthly: ~Rs. 21,333 over 36 months

2. Tez Raftar 1800W – Rs. 800,000

Company: Pak Star Automobile Pvt Ltd

• Price after Rs. 200,000 subsidy: Rs. 600,000
• Loan: Rs. 480,000
• Monthly: ~Rs. 13,333 over 36 months

3. Ecodost Electric Rickshaw – Rs. 1,200,000

Company: Nova Mobility Pvt Ltd

• Subsidized cost: Rs. 1,000,000
• Downpayment: Rs. 200,000
• Loan: Rs. 800,000
• Monthly: ~Rs. 22,222

4. Voltix Cargo Loader – Rs. 665,000

Company: Huaguan New Energy Resources

• Subsidized price: Rs. 465,000
• Loan: ~Rs. 372,000
• Monthly: ~Rs. 10,333

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Summary: Select EV Options With Estimated Monthly Installments

Company	Model	Price (Rs.)	Type	Est. Monthly (Rs.)
Vitality Electric Vehicles	VELOCITY	249,000	2-Wheeler	8,674
Jolta Electric Pvt Ltd	JE-70L	237,900	2-Wheeler	6,263
Eiffel Industries (Road Prince)	Yadea M3H	250,000	2-Wheeler	8,333
MS Automobiles Pvt Ltd	Jaguar BOLT	234,900	2-Wheeler	6,163
Sazgar Engineering Works Ltd	Shuttle (90Ah)	1,160,000	3-Wheeler	21,333
Pak Star Automobile Pvt Ltd	Tez Raftar 1800W	800,000	3-Wheeler	13,333
Nova Mobility Pvt Ltd	Ecodost Electric Rickshaw	1,200,000	3-Wheeler	22,222
Huaguan Energy Pvt Ltd	Voltix Cargo Loader	665,000	3-Wheeler	10,333

Installments are approximate and rounded. Final values depend on exact loan structure and bank processing.

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Final Notes

• Subsidy is upfront, and banks will offer interest-free loans.
• Installments are designed to be affordable for daily wage earners, riders, and entrepreneurs.
• PAVE portal pave.gov.pk is used for registration and application.
• E-balloting will decide the final selection for successful applicants.