LAHORE: The Punjab government has shared an update regarding balloting for its free electric taxi (E-Taxi) scheme 2025.
This plan has aroused immense interest, with over 28,000 residents applying for electric taxis in a bid to encourage the use of environmentally friendly modes of transportation.
The scrutiny process has been initiated for the received applications, according to the Department of Transport. Further action is being facilitated through the Bank of Punjab, where data has been forwarded to.
After balloting, the successful applicants will be contacted for the down payment phase.
The provincial government has planned the balloting of the Punjab e-taxi scheme 2025 in the last week of November 2025.
The authorities have also said that those who pay the down payment will get their electric taxis within 3 to 4 months.
They added that the initiative is not only to promote environmentally friendly transportation but also to give access to citizens to modern and convenient services.
The electric taxi program is part of a broader effort by the Punjab government to create a sustainable, eco-conscious transport system for the province.
Financing for Buyers The provincial government will provide financing up to Rs6.5 million per E-Taxi to the interested buyers on a five-year tenure. The government will also assist with equity payment.
They had announced an instalment plan and schedule of balloting regarding E-Taxi Scheme 2025 earlier to provide job opportunities to the youth as well as unemployed people and control air pollution.
One major aspect of the E-Taxi scheme is its interest-free instalment plan, under which electric taxis will become accessible to drivers through easy payments.
In the initial phase of the program, 1,100 electric taxis are to be given to selected drivers, which would give a huge boost to the taxi business, especially in the cities.
The project will also create a sustainable source of income for youths and unemployed citizens.
The electric taxis under the scheme would be models such as the Honri Ve 2.0 and Dongfeng Box, fitted with GPS systems, smart meters, and authorized e-taxi branding to provide safe and secure service to passengers. Punjab E-Taxi Scheme 2025 instalment terms
• Approximate Price: Rs 6-6.5 million
• Down Payment (30%): Rs 1.8-2 million
• Bank Finance (70%): Rs 4.5 million
• Monthly Instalment (Approximate): Rs 60,000
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…
ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…
ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…
RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…
LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…
ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…