Electric vehicle incentives ukraine

Among other incentives for switching to electric transport:
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Among other incentives for switching to electric transport:

As noted above, tax incentives are simple but highly efficient drivers of the Ukrainian EV market. The Ministry of Infrastructure of Ukraine – the highest governmental body that initiates and supports legislative developments facilitating the deployment of EVs in Ukraine. The Ministry has set a target to increase the share of EV sales to 15%

The tax incentives amendments include: – The exemption on import Value Added Tax (VAT) and customs duty for between 1 January 2022 and 31 December 2030 for all equipments and spare parts for manufacturing of EVs, electro buses and electric cargo vehicles, as well as vehicles using natural gas or biogas;

With fiscal incentives in place, electric car ownership in Ukraine has been growing fast in the last three years. What are the main developments and challenges of this emerging market for Ukraine? As of 1 September 2021, there were 30 062 electric cars in Ukraine, featuring a 20% increase over the last half-year. Apart from environmental

In 2023, Ukraine saw a sharp increase in electric vehicle sales, with over 54,800 EVs purchased in the first 8 months —more than the total sold in 2022. In August 2024, a record 6,714 EVs were registered, an 80% increase compared to 2023. Amid power outages, EVs are being used for transportation but also to power homes.

To support and enable the Government of Ukraine to make the transformative shift to decarbonize transport systems by promoting electric mobility at national scale

The Global Environment Facility (GEF) is a multilateral fund dedicated to confronting biodiversity loss, climate change, pollution, and strains on land and ocean health. Over the past three decades, the GEF has provided more than $22 billion in financing and mobilized another $120 billion for more than 5,000 national and regional projects.

© United Nations Environment Programme

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The electric vehicle market in Ukraine is developing at an extraordinary pace. Over the past decade, the number of electric cars in the country has reached 130,000 and continues to grow. More than 4,000 new electric vehicles are registered every month, with a new record set in August – 7,000 electric cars were imported. Analysts predict that the number of electric vehicles in Ukraine could triple by 2025.

Maryna Kytina, Chief Advisor to the Executive Director of UkraineInvest and an expert in attracting investment to the automotive industry, reported on this at the conference “The State and Prospects of the Development of Electric Vehicles”. She presented analytical data showing the growth of electric mobility in Ukraine and outlined the key factors driving this development.

One of the main factors stimulating the demand for electric cars is the favourable conditions for importers. The absence of VAT and zero customs duties significantly reduce the price of electric vehicles, making them more affordable for Ukrainians. Thanks to these incentives, the number of electric cars on Ukraine’s roads is growing rapidly. However, these incentives will expire in 2026. At the same time, according to Maryna Kytina, the development of electric mobility in Ukraine will continue to show positive dynamics. This will be possible due to the introduction of new technologies as well as growing competition in the market, which will further contribute to a reduction in the price of electric cars.

“Electric vehicles are becoming more affordable thanks to technological innovations, improvements in batteries and increased competition among manufacturers. We predict that the price of electric cars will continue to fall over the next year and a half,” said Maryna Kytina.

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About Electric vehicle incentives ukraine

About Electric vehicle incentives ukraine

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