The Punjab government has finalized the financing structure for Pakistan’s first electric taxi service, bringing the much‑anticipated project closer to reality. A working paper shared by the provincial Transport Department reveals that around 1,100 electric taxis will be introduced in Lahore during the initial phase. To make these vehicles affordable, participating banks will offer loans of up to Rs. 6.5 million, while the government will absorb the interest cost.
Under the plan, electric vehicles priced between Rs. 4 million and Rs. 10 million will receive a government subsidy of Rs. 585,000 toward the down payment, with the remaining amount financed through banks. The provincial administration has allocated Rs. 2 billion for the program and will initially rely on imported Chinese EVs. To support operations, 18 charging stations have already been established in Lahore, with more planned as the fleet expands.
Officials say the initiative aims to reduce transport costs, curb emissions and modernize urban mobility in Punjab. By subsidising down payments and offering concessional financing, the scheme seeks to make electric taxis accessible to drivers and passengers alike. If successful, it could serve as a model for other Pakistani cities looking to electrify their transport networks and reduce reliance on fossil fuels. Citizens interested in the program should keep an eye on official announcements for registration dates and eligibility criteria, as demand for these subsidised EVs is expected to be high.
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