- The Armenian government is extending the VAT exemption for importing electric vehicles until December 31, 2026.
- The exemption covers electric buses, passenger cars, motorcycles, and mopeds.
- Since its introduction in 2019, the policy has significantly increased electric vehicle imports, with 11,793 units imported in 2024 (a 22% increase from 2023).
- Armenia also benefits from annual customs duty exemption quotas for 8,000 electric cars for 2023-2025.
- From January to October 14, 2024, Armenia imported 14,888 electric cars, 3 buses, and 2,634 motorcycles/mopeds, demonstrating the policy’s effectiveness.
Source: tert.am
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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