In order to diversify fuel use and contribute to the reduction of carbon emissions, the Ministry of Industries and Production has developed a plan to create 100,000 e-bikes in the first 18 months.
Following the presentation of the plan at the most recent cabinet meeting, the prime minister forwarded it to the Economic Coordination Committee for additional discussion and work on the financial model. To encourage the purchase of motorcycles that are more expensive, the ministry has suggested a subsidy of Rs17.5 billion over the course of three years.
The government would put down Rs. 90,000 for an e-bike with an estimated price of Rs. 170,000, and the buyer would put down Rs. 10,000, making the total first payment of Rs. 100,000.