Tax and Duty Exemptions Granted to Electric Vehicle Manufacturers

Bangladesh offers VAT waivers and duty reductions for electric vehicles, e-bikes, and lithium batteries to promote domestic manufacturing, reduce fossil fuel dependence, and attract foreign investment.
Companies must ensure local manufacturing, not just assembly, requiring cell production, advanced machinery, ISO certifications, and employment of 250 Bangladeshi workers to qualify for tax benefits.
Industry leaders welcome the incentives but urge the government to ease some conditions, arguing that rigid machinery requirements may hinder industry growth and deter potential investors.

Exemption