Why Electric Bikes Make Economic Sense in Pakistan | Faraz Zaidi

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Why Electric Bikes Make Economic Sense in Pakistan | Faraz Zaidi​

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Pakistan is at a turning point in mobility. With rising fuel prices, growing economic pressure, and increasing demand for affordable transport, electric vehicles—especially two and three wheelers—are emerging as a powerful alternative.

In this episode of All Things Money, host Fatima Attarwala sits down with Faraz Zaidi, Chairman of Wasl Mobility Modaraba, a company financing two and three wheelers in Pakistan. The discussion explores how electrification is reshaping mobility, why Pakistan’s motorcycle market is central to this transition, and how economics—not just environment—are driving EV adoption.

00:00 Introduction & Guest Overview
00:32 Why Pakistan is a Two-Wheeler Market
01:12 Economics of Electric Bikes
02:08 Cost vs Fuel Savings Explained
05:35 Supply vs Demand in EV Market
09:07 Policy Challenges & Fuel Dependence
14:19 Fuel Price Volatility & Consumer Shift
18:14 Theft, Insurance & Karachi Context
28:28 EV Manufacturing & Localization Debate
33:04 After-Sales & Maintenance Challenges
36:04 Women Mobility & EV Impact
39:03 Environmental Impact of EVs
42:02 Battery Swapping vs Charging
49:10 Policy Bottlenecks & Government Role
51:30 Budget, Taxes & EV Policy

 

[Par 5]

EV bikes and smal cars make economical sense in city use in Pakistan. SUV and Sedans that are PHEV or EV are expensive to buy, more expensive to repair post major accident and a total loss in after sales value not to mention the 'range anxiety' that comes with it in intercity travels. Any vehicle that cannot be driven worry free from Khujerab to Gwadar is simply not worth it. ICE vehicles are here to stay

 

[Bilal]

EV bikes and smal cars make economical sense in city use in Pakistan. SUV and Sedans that are PHEV or EV are expensive to buy, more expensive to repair post major accident and a total loss in after sales value not to mention the 'range anxiety' that comes with it in intercity travels. Any vehicle that cannot be driven worry free from Khujerab to Gwadar is simply not worth it. ICE vehicles are here to stay

How many times do you drive from khunjrab to Gwadar each year to make it a deal breaker use case?

 

[Par 5]

How many times do you drive from khunjrab to Gwadar each year to make it a deal breaker use case?

It is just an example to demonstrate the reliability factor. Frankly speaking I am not even comfortable in driving an EV from Islamabad to Lahore. But hey, that is just me.