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Electric Bicycle


Problem Statement:

Energy is the number one problem of Pakistan and solving this problem in a cost effective manner is a big opportunity..


Type:

Forum.


Description:

The project is to create a group that would apply themselves to come up with small electric motors that could be used to run a small bicycle or a small motorcycle like the Honda 50 model. Creating such a design relieves us from the expensive petrol based vehicles and they could be driven off solar or wind resources thus enabling and empowering the big population. The idea is to create this at a reasonable cost so people can move around at a low cost without burning fossil fuels and in an eco-friendly way. The forum will encourage and generate funding for this work to quickly get to a local industry that can resolve the energy problem in the next five years and reduce dependence on foreign oil and gas that is expensive and takes precious foreign exchange..


People Impact:

Any new industry based off the concepts of local design an materials will be cost effective and it will generate jobs for young entrepreneurs..


Financial Impact:

This will create financial opportunity for the manufacturers and also help provide low cost energy to people in a distributed local way that they can maintain themselves..


Domestic Jobs:

30000.


Foreign Jobs:

30000.


Domestic Market in Rs:

3000000000.


Export Market in Rs:

3000000000.



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