The subject that has generated the most interest is electromobility. The nation lags far behind, even its neighbours, especially when it comes to legislation that would make electric vehicles more widely available.
Albania receives no VAT payments, and incentives are given by Croatia, Serbia, Slovenia, and Montenegro. Nothing is occurring anywhere but in Kosovo and our country.
Infrastructure is a comparable situation. In BiH, there are only approximately 80 charging stations and roughly 60 electric vehicles, which is not enough. The electric car is popular all around the world.
Although it is still a costly sport, European policy is quite clear and it has significant positive consequences. They do away with fossil fuels from transportation in this way.
The development of solar and wind power facilities is only getting started in Bosnia and Herzegovina. We only have 130 megawatts of wind and 35 megawatts of solar power plants compared to Germany, which has 40.000 megawatts of electricity generated by solar and wind power plants.
The Bosnia and Herzegovina Electric Vehicle Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
According to the news website on Wednesday, the government of one of Bosnia and Herzegovina’s (BiH) two autonomous entities is anticipated to approve on Thursday a proposal of subsidies for citizens who want to buy electric or hybrid cars.
A programme of subsidies for people purchasing brand-new electric or hybrid vehicles has been developed by the ministry.
The future of the electric power industry was debated in Neum, Bosnia and Herzegovina, at the CIGRE conference (Committee of the International Council on Large Electrical Systems) (BiH).
The attention was on the difficulties. From using renewable energy for electricity to developing electromobility as a crucial component in lowering carbon dioxide emissions.
Electric vehicles have been talked about for the last few years as the vehicles of the future. There are several reasons: they significantly reduce the emission of harmful gases compared to fossil fuel vehicles, their maintenance costs are lower, as well as the price of fuel, since electricity is often cheaper than gasoline or diesel.
However, their long-announced bright future this year is marred by statistics, which, when it comes to our country, show that in the first six months of this year, 106 electric vehicles were imported into Bosnia and Herzegovina (BiH), which, compared to the same period last year, about 15 percent less when 125 such vehicles were imported. At the same time, there was a large increase in the import of hybrid vehicles by over 70 percent.
Penetration of Chinese brands
The delay in the adoption of subsidies may be one of the reasons for the drop in the import of electric vehicles in BiH in the first and second quarter of this year, believes Armin Hodzic, director of the energy sector at the Chamber of Commerce of the Federation of BiH (FBiH), while the sale of hybrid vehicles, he notes, traditionally goes well in BiH, regardless of this government stimulus measure.
In the context of Europe, the offer of electric cars from the Chinese market, which European manufacturers cannot keep up with either in terms of price or quantity, as well as the reduction of subsidies for the purchase of electric cars in the European Union (EU), are also, he points out, the reasons why customers are recently oriented towards hybrids and not electric vehicles.
“Subsidies in BiH amount to; ten thousand for the purchase of electric vehicles, and five thousand BAM for the purchase of hybrid vehicles, and last year they were adopted in April. This year they are late, they are in the final phase, and we are waiting for their adoption in the FBiH parliaments,” Hodzic explained.
The price of lithium is falling
The price of electric cars since their appearance on the market has been higher compared to the price of other, commercial vehicles, where states have tried to encourage buyers to opt for this type of car with subsidies. BiH was no exception either, which regulated this area in such a way that it reduced the customs duty on the import of electric vehicles from 5 to 0 percent, and hybrids from 15 to five percent, Forbes writes.
Although the European Union (EU) has not yet established an exact date for the end of production of vehicles with gasoline and diesel engines, it is certain that this will happen in the near future and that the future of transport is in vehicles with zero harmful emissions.
Accordingly, car manufacturers are turning more and more to hybrid and electric cars, and the number of such vehicles on European roads is increasing. This trend is also noticeable in Bosnia and Herzegovina (BiH), although the numbers are still small.
According to data provided by the Agency for Identification Documents, Records and Data Exchange (IDDEEA) BiH, in 2021 the number of registered electric and hybrid vehicles was 1,586, and in 2022 the number increased to 2,368, which is an increase of almost 50 percent.
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