The Punjab Government has officially begun the PAVE Phase 2 Agreement Signing 2025, marking the final and most important step before the launch of the large-scale EV distribution under the Pakistan Accelerated Vehicle Electrification (PAVE) program. Top officials from the Punjab Energy Department, PITB, Bank of Punjab (BOP), and leading electric vehicle companies have now entered the final agreement phase, confirming that Phase 2 is ready for implementation.

This major development signals that all financial terms, subsidy structures, installment plans, battery warranties, and delivery timelines are now being finalized. With thousands of citizens eagerly waiting for updates, the start of the PAVE Phase 2 Agreement Signing 2025 shows the government’s clear commitment to launching Phase 2 on time — and expanding EV adoption across Punjab.

This article provides full details on the agreements, the new terms being finalized, bank responsibilities, EV company roles, expected subsidy changes, delivery schedules, and how this agreement signing will benefit applicants in Phase 2.

⚡ What Is the PAVE Phase 2 Agreement Signing 2025?

The agreement signing is a formal partnership ceremony between:

• Punjab Government
• Partner Banks
• EV Bike Manufacturers
• EV Rickshaw Companies
• EV Loader Companies
• PITB (Portal & System Control)

The purpose of the agreement is to finalize:

• Installment structure
• Government subsidies
• Delivery timeline
• Battery warranties
• Vehicle model list
• Financing rules
• Eligibility criteria
• Service centers
• Safety standards
• Quality assurance

Once signed, Phase 2 becomes officially ready for rollout.

Check Also: Breaking News: PAVE Phase 2 Verification Process 2025 Begins – SMS Alerts to Be Sent to All Applicants Soon

🧾 Key Highlights of PAVE Phase 2 Agreement Signing 2025

The formal agreement ensures stability, transparency, and fairness for all EV applicants.

🏦 Banks Sign New Financial Terms Under PAVE Phase 2

The agreement includes new financial rules for banks:

✔ Lower Installments

Banks will offer:

• EV Bikes: Rs. 5,000 – 6,000
• EV Rickshaws: Rs. 4,500 – 5,500
• EV Loaders: Rs. 12,000 – 13,000

These reduced monthly installments are being finalized today.

✔ Zero-Interest or Low Markup Plans

Banks are finalizing:

• Interest-free bikes (student & women category)
• Low-markup plans for riders
• Subsidized loans for rural applicants

✔ CNIC + Bank Account Matching

Banks will digitally verify:

• CNIC
• Name
• Income level
• Account activity

This ensures only genuine applicants are approved.

✔ Fast-Track Approval for Women & Students

Under the new agreement:

• Women
• Students
• Delivery riders

will receive priority processing.

🏍️ EV Companies Finalize Vehicle Models & Warranty Terms

EV manufacturers have presented their list of approved models for Phase 2:

Electric Bike Models to Be Included

• Evee C1
• Evee C1 Pro
• Metro T9
• Jolta JE-70 Lithium
• Road King Eco Bike
• Scooty for women (new addition)

Electric Rickshaw Models

• Sazgar EV Rickshaw
• EMCO Lithium Rickshaw
• Metro Lithium Rickshaw

Electric Loader Models

• Lithium Cargo Loader
• High-torque delivery loader

Warranty Finalization

All EV companies have agreed on:

• 2-year battery warranty
• 1-year motor warranty
• 6-month charger warranty
• Free tuning & service for 6 months

The new warranty terms are part of the PAVE Phase 2 Agreement Signing 2025 and offer major benefits to applicants.

Check Also: Breaking News: Punjab Govt Expands PAVE Phase 2 – New Quota for Students, Women, and Delivery Riders Announced

🌍 Why This Agreement Signing Is So Important

The agreement ensures:

✔ Safe EV distribution

✔ Government-backed quality assurance

✔ Verified and approved vehicle models

✔ Fair installment terms

✔ Reliable delivery timeline

✔ No hidden charges

✔ Legal protection for buyers

This step removes all doubts regarding Phase 2.

🧮 Expected New Subsidy Structure Under Phase 2

The increased subsidy is nearly finalized:

This will make EVs more affordable.

📢 Agreement Signing: What Happens Next?

After the PAVE Phase 2 Agreement Signing 2025, the following will happen:

1. Portal Activation

The PAVE portal will be updated with:

• New model list
• New subsidy
• New installment plans

2. Official Announcement

Government will make a public announcement regarding:

• Registration date
• Subsidy increase
• Bank rules
• Vehicle list

3. Registration Starts

Online registration will begin December 2025.

4. Verification Process

Portal and banks will start:

• CNIC verification
• Income verification
• Bank account verification
• Document verification

5. Balloting

Balloting will take place January 2026.

6. EV Delivery

Distribution of electric bikes and rickshaws will begin February 2026.

📝 Major Changes Finalized in Today’s Agreement

Government approved the following improvements:

✔ More district quota

✔ More EV models

✔ Faster verification

✔ Zero-fee registration

✔ No middleman policy

✔ Direct delivery to applicants

✔ Digital tracking of each EV

✔ New customer service centers

These updates will ensure a smooth and clean execution.

📍 Who Will Benefit the Most from Agreement Signing?

The new agreement terms give priority benefits to:

⭐ Women

Special scheme + more seats.

⭐ Students

Low installments + easy approvals.

⭐ Riders

Fast-track processing.

⭐ Rural workplace

EV loaders + rural quota.

⭐ Government employees

Special verification window.

The agreement strengthens fairness and transparency.

Check Also: Breaking News: Punjab Govt Expands PAVE Phase 2

❓ FAQs – PAVE Phase 2 Agreement Signing 2025:

🏁 Conclusion – PAVE Phase 2 Agreement Signing 2025 Begins

The PAVE Phase 2 Agreement Signing 2025 marks a historic moment for Punjab’s electric vehicle transformation. With banks and EV companies now finalizing all key financial, operational, and technical terms, Phase 2 is fully prepared to launch. Applicants can expect more EV models, higher subsidies, lower installments, and a faster verification system.

Punjab is officially entering a new era of EV mobility — and Phase 2 will be the largest green-transport rollout in the province’s history.