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Introduction of Electrically Powered Transportation and New Norm to Free from VAT until 2026

  • Introduction of electric transportation vehicles and increase in import of foreign vehicles will be exempted from VAT until January 1, 2026.
  • The proposal to extend the norm of exempting electric transportation vehicles and increase in import of foreign vehicles until January 1, 2026 has been accepted by the Government.
  • According to the Minister of Economy, the import volumes in 2022 have increased by about 2681 units compared to the previous year, which is a growth of 42.3%.
  • The import volumes in January-November 2023 have reached 4496 units, which is a growth of 2.1 times compared to the same period of the previous year.
  • Various measures and incentives have been proposed to promote the import and use of electric vehicles, buses, trucks, and construction machinery, including subsidies for the disposal of old vehicles and the improvement of charging infrastructure.

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Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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