Payment Structure of Punjab E-Taxi Program Revealed

Punjab has taken a major step toward launching Pakistan’s first electric taxi service, as the provincial government finalized the financing structure for the project. Although the initiative had been approved earlier this year, the latest plan outlines subsidies, vehicle options, and operational details.

According to the official working paper, around 1,100 electric taxis will be introduced in Lahore during the initial phase. Chief Minister Maryam Nawaz has approved the financing scheme, under which banks will provide up to Rs. 6.5 million in loans for electric vehicles.

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As per the scheme, the government will bear the interest cost, while buyers will contribute a subsidized down payment. For vehicles priced between Rs. 4 million and Rs. 10 million, the Punjab government will pay Rs. 585,000 on behalf of buyers as part of the down payment, with the remaining cost financed through banks.

Officials confirmed that Rs. 2 billion has been allocated for the program, which will initially feature 1,100 Chinese-made electric vehicles. To support the service, 18 charging stations have already been established in Lahore, with plans to expand the network further.

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The launch of this electric taxi initiative is expected to significantly reduce transport costs, curb emissions, and modernize urban mobility in Punjab.