Electric Bikes and EV Scooters in Pakistan: June 2024 Price Update and Market Overview

As green mobility transforms Pakistan, the electric bikes and scooters market also find promising opportunities. The rise in the consciousness of people about the environment and the escalating expenses linked to vehicles fueled with petrol are other factors well-spotted impacting the transition to non-flat and environmentally-friendly two-wheelers. 

June 2024, consumers find rich choices of e-bikes & scooters from many different manufacturers and at different price points and with different features. 

Latest Prices of Electric Bikes and Scooters in Pakistan (June 2024)

Budget-Friendly Options

• Evee Nisa: Rs155,000
• Metro M6 EMPOWER: Rs220,000
• Yadea T5: Rs245,000
• MS Jaguar E-70: Rs240,000

Mid-Range Models

• Road Prince E-GO: Rs260,000
• Metro T9: Rs260,000
• Road Prince Zeus XR: Rs280,000
• Evee C1 Air: Rs300,000

Premium Offerings

• Metro E8S Pro: Rs360,000
• Vlektra Retro: Rs380,000
• Vlektra BOLT: Rs580,000

Popular Electric Bike Models and Their Features

Road Prince Zeus XR

• Motor: 72V 1500-watt
• Range: 60-80 km per charge
• Notable for its powerful motor and decent range

Metro T9

• Battery: 60V 38Ah
• Motor: 600-watt
• Range: Approximately 100 km
• Highlights: Premium construction with cold-rolled steel frame and TTFAR Graphene Batteries

Metro M6 EMPOWER

• Motor: 1200-watt
• Battery: 72V 26Ah
• Range: Around 100 km
• Special feature: Third-generation graphene batteries

MS Jaguar E-70

• Motor: 1500-watt BLDC
• Range: 90-100 km on a single charge

Road Prince E-GO

• Top speed: 100 km/h (fastest electric two-wheeler in Pakistan)
• Range: 105 km per charge

Electric Bikes vs. Petrol Bikes: A Cost Comparison

In terms of fuel efficiency one that uses less fuel per kilometer and has a lower fuel consumption rate per distance traveled.

Bike TypeFuel Efficiency Cost per Km?(PKR)70cc Petrol<5. 28125cc Petrol456. 22150cc Petrol358. 00 Electric Bikes 500-750 KMs per charge 1. 50-2. 50

Analysis of Cost-Effectiveness

There is usually a comparison of cost per kilometer for electric bikes and this normally indicates cost savings. Although electric bikes are costlier than regular bikes when one buys, the maintenance costs and other expenses for using an electric bike are much cheaper in the long run. This puts electric bikes as a cheaper means of mass production as they are mostly used in areas that need daily commuting and frequent bicycle usage.

The Growing Electric Two-Wheeler Market in Pakistan

Factors Driving Adoption

• Increasing environmental awareness
• Rising petrol prices.
• Controlling measures that are currently enforced by the government for encouraging electric automobiles.
• The general development of technologies that relate to batteries and the ability to get more usage out of a single charge.

On competitive nature of many players: Key Players in the Market

• Metro
• Road Prince
• Yadea
• MS Jaguar
• Evee
• Vlektra

It highlights such manufacturers that are already in the process of diversifying their portfolio to address the increasing market for electric two-wheelers in Pakistan.

Challenges and Opportunities

Challenges

• Limited charging infrastructure.
• Higher costs than common bicycles since it has unique designs, additional features and it is a new invention on the market.
• Due to limited awareness and lack of knowledge regarding EVs among the consumers

Opportunities

• Opportunity for production and assembly of the equipment within the country
• Opportunities for employment opportunities in EV sector
• First and foremost, the impact of effective noise control should be considered in the decrease in air pollution and, consequently, carbon emissions.
• Hoping for new autocephalous energy independence and reduced dependence on imported fuel.

Future Outlook

The two wheelers particularly electric bikes and scooters are on the cusp of enjoying an exciting and high growth phase in Pakistan. With continuing technological advancements in batteries and decrease in prices for batteries as well as EVs, it would be likely for the market to fill up with cheaper and much better models to that of the current Wish model. Due to the government’s current efforts in encouraging the use of electric vehicles, it is expected the government will back up the boost with policies that will cover more for the adoption of the electric vehicles.