The government will soon offer 15,000 candidates who want to buy electric bikes interest-free loans. The program seeks to reduce pollution and support nationwide environmentally friendly transportation options.
Obtaining an Interest-Free Bike:
You might be qualified to apply for one of these interest-free loans. The government is working to make switching to electric bikes, which are not only economical but also environmentally friendly, easier for people. The government anticipates a rise in EV purchases with the implementation of this program, especially in urban areas with unacceptably high pollution levels.
EV Bikes’ Effectiveness:
A rider may save up to Rs 50,000 on an annual mileage of about 40 km per day thanks to the fuel efficiency of EV bikes. The idea is that this financial benefit will increase consumer interest in EV bikes, enabling them to save money while reducing the nation’s pollution levels.
Read more: Indus Motor will Introduce a Locally Assembled Hybrid Electric Vehicle in Pakistan