Punjab Electric Taxi Scheme: 65 Lakh Financing, 1,100 EVs, and Lahore Launch Approved – Know Full Details

Punjab Electric Taxi Scheme Online Registration

For the first time in the history of Pakistan, it has been decided to start the CM Punjab Electric Taxi Scheme. Chief Minister Maryam Nawaz Sharif has formally approved this historic project under which 1100 electric vehicles will be brought on the roads in Lahore initially. This project will not only provide travel convenience but will also prove to be a revolutionary step in reducing air pollution.

The biggest advantage of this project is that banks will provide financing of up to Rs 6.5 million to those wishing to buy a vehicle and the Punjab government will pay the interest. Moreover, the government will also pay a 20 percent down payment, i.e. about Rs 585,000, for the buyers. In this way, ordinary drivers and investors will be able to easily benefit from this scheme.

In the initial phase, Lahore has been selected where 18 charging stations have been established and more stations will be built soon. Along with this, an online portal will also be launched through which people will be able to submit their applications and get complete guidance. This project will definitely create a new history in the transport sector.

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Punjab Electric Taxi Scheme — Pakistan’s First E-Taxi Project Approved

The Punjab Electric Taxi Service is Pakistan’s first official e-taxi initiative. Unlike traditional taxis that rely on petrol or diesel, this project focuses on fully electric cars. The purpose is twofold: reduce the financial burden on drivers caused by rising fuel prices, and create a cleaner environment for future generations.

Official Approval by Chief Minister Maryam Nawaz Sharif

Chief Minister Maryam Nawaz Sharif has formally approved the project. This shows her government’s dedication to modern and environment-friendly solutions in the public transport sector. Her leadership has pushed the project from planning into reality.

Working Paper Prepared for 1,100 Vehicles in Lahore

The initial launch will include 1,100 electric vehicles in Lahore. This working paper sets the foundation for how the project will be rolled out, ensuring proper planning before expanding to other cities. Lahore is chosen as the starting point because it has the highest transport demand and pollution concerns in Punjab.

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Punjab Electric Taxi Service — Financing Structure (Up to 65 Lakh)

One of the strongest features of the Punjab Electric Taxi Service is its financing model. The Punjab government understands that buying an electric car is expensive. To make it possible for drivers and entrepreneurs, the government and banks will work together to provide affordable financing.

Government to Pay Interest on Financing

Usually, bank loans for vehicles come with heavy interest. However, in this program, the Punjab government will pay the interest itself. This step alone makes the Punjab Electric Taxi Service very attractive for those who want to join, because it reduces long-term financial stress.

Banks to Finance Up to 65 Lakh per Vehicle

Banks will provide financing of up to 65 lakh rupees per vehicle. This large loan facility allows drivers to buy modern electric vehicles that would otherwise be impossible for them to afford.

Government to Pay 20% Down Payment of 5 Lakh 85 Thousand

The Punjab government will also support buyers by paying the 20% down payment, which is around 5 lakh 85 thousand rupees. This makes the entry barrier lower, enabling more drivers to participate in the scheme.

Any Cost Above 65 Lakh Paid by the Consumer

If a buyer selects a vehicle that costs more than 65 lakh, the extra cost will be paid by the consumer. For example, if a driver chooses a car worth 80 lakh, the government and bank will cover the first 65 lakh, while the driver will only need to pay the difference of 15 lakh.

💡 Guidance for Users:

• If you want to apply for this scheme, make sure you have the required documents such as CNIC, income proof, and a valid driving license.
• Choose a vehicle within your budget range to minimize your personal contribution.
• Remember that the government will pay your loan’s interest, which gives you a great chance to save money over time.

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Punjab Electric Taxi Service — Vehicle Options and Price Bands

To give flexibility to drivers and consumers, the Punjab Electric Taxi Service will provide a variety of vehicles across different price ranges.

Seven Vehicle Types from 40 Lakh to 1 Crore

There will be seven types of electric vehicles available under this project. Prices will range from 40 lakh to 1 crore rupees, which means drivers can choose vehicles that match their requirements, whether for standard rides or premium services.

Initial Fleet to Include 1,100 Chinese EVs

The starting fleet will consist of 1,100 Chinese-manufactured electric cars. Chinese EVs are already popular worldwide due to their durability, advanced battery life, and cost-effectiveness. These vehicles are expected to perform well in Pakistan’s urban traffic conditions.

💡 Guidance for Users:

• Study the available car models before applying to understand which vehicle best suits your business.
• Smaller cars will be better for daily rides in the city, while larger models can target premium customers.

Punjab Electric Taxi Service — Launch Plan for Lahore

The Punjab Electric Taxi Service will begin in Lahore before expanding to other cities. This is a pilot phase where the government can identify challenges and fix them before scaling up.

Operations to Start in Lahore

Lahore has been chosen as the first city because of its large population, traffic congestion, and high pollution levels. Introducing electric taxis here will have the maximum environmental and social impact.

18 Charging Stations Already Established; More to Come

To support the fleet, the Punjab government has already set up 18 charging stations across Lahore. These stations are strategically placed so that drivers do not face range anxiety. Over time, the number of charging points will be increased to cover all major routes and areas.

💡 Guidance for Users:

• Always plan your route by checking the nearest charging station.
• With growing demand, new charging points will be added, so stay updated with the official portal.

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Punjab Electric Taxi Service — Portal Inauguration

Transparency and accessibility are key parts of the Punjab Electric Taxi Service. To ensure this, an online portal will soon be launched.

Portal Launch Linked to CM’s Return from Japan

Chief Minister Maryam Nawaz Sharif will officially inaugurate the Punjab Electric Taxi Service Portal upon her return from Japan. This portal will provide information about financing, vehicle models, application forms, and charging station locations.

💡 Guidance for Users:

• Use the portal to track your application status.
• Download guidelines and documents directly from the official site to avoid scams.

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Punjab Electric Taxi Service — Budget and Implementation

The project is backed by a large investment from the Punjab government, ensuring its stability and long-term success.

Statement by Provincial Transport Minister Bilal Akbar Khan

According to Provincial Transport Minister Bilal Akbar Khan, the government is committed to making the project a reality and ensuring smooth implementation.

Government Expenditure Estimated Up to 2 Billion Rupees

The Punjab government has allocated up to 2 billion rupees for the execution of the project. This investment covers vehicle subsidies, infrastructure development, charging stations, and other operational costs.

Conclusion

The Punjab Electric Taxi Service is not just another transport project; it is a revolutionary step for Pakistan. With government-financed loans, zero-interest burden, 1,100 electric cars in the first phase, and a network of charging stations, this program will create opportunities for drivers while helping the environment.

For individuals looking to enter the taxi business, this is the perfect time. The project ensures financial support, vehicle options, and government backing. As Lahore becomes the first city to launch electric taxis, Punjab is setting the foundation for a greener, more sustainable future for all of Pakistan.

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FAQs About Punjab Electric Taxi Service

What is the Punjab Electric Taxi Service?
It is Pakistan’s first official e-taxi project, approved by CM Maryam Nawaz Sharif, starting with 1,100 electric cars in Lahore.

How much financing can I get?
Banks will finance up to 65 lakh, while the government pays the interest and 20% down payment.

Who pays for the interest on the loan?
The Punjab government will cover all interest costs to reduce the burden on buyers.

Where will the service start?
Initially, it will operate in Lahore, with expansion plans for other cities.

How many charging stations are available?
Currently, there are 18 charging stations in Lahore, with more planned as the fleet grows.