EV Financing

Purchasing an EV does not always require full upfront payment. A range of financing options are available depending on your situation — and they pair naturally with solar financing for total clean-energy savings:

• Conventional bank loans
• Islamic / Shariah-compliant financing
• Microfinance for lower-income buyers
• Government subsidies and incentive programs

• Available through major commercial banks in Pakistan.
• Mark-up rates vary — compare carefully before applying.
• Loan tenure typically 3–5 years — use the savings calculator to compare installments against fuel savings.
• Requires proof of income (salary slip, bank statement).

• Available through Islamic banking windows of major banks.
• Structured as Murabaha (cost-plus) or Ijarah (leasing).
• No interest — profit rate applies instead.
• Growing availability specifically for EV and solar purchases.

• Suited for lower-income consumers and small business owners.
• Available from microfinance banks.
• Smaller loan amounts, shorter tenures.
• Ideal for electric bikes and rickshaws — see EV benefits and FAQs for typical running costs.

• Federal and provincial subsidy programs periodically announced.
• Electric two-wheelers may qualify for subsidized pricing.
• Look at government subsidies and combine with solar financing for maximum savings.
• Check official government portals for current active schemes.

• Markup or profit rate — the true cost of borrowing
• Loan tenure — typically 3–7 years
• Down payment requirement — usually 20–30%
• Processing fee — one-time charge at application
• Early repayment penalty — check before signing
• Insurance requirements — mandatory for most bank loans

• Charge your EV using free or low-cost solar power during daylight hours.
• Use home batteries for backup charging during load shedding.
• Maximize net metering benefits by exporting excess solar energy.
• Achieve greater energy independence and lower overall running costs.