At the end of 2024, for the first time in Uzbekistan, imports of electric and hybrid cars outnumbered traditional gasoline cars. According to the Customs Committee, published by Gazeta.uz, 80,235 passenger cars worth $1.9 billion were imported into the country during the year. At the same time, this is 7% less in quantitative terms (-5,710 units) and 33.1% less in monetary terms (-$632.6 million) compared to 2023.
Imports of cars with gasoline engines decreased by 36.3%, amounting to 32,928 units (compared to 51,699 a year earlier). The cost of imports also decreased significantly – from $1.18 billion to $707.2 million (-40%). The share of gasoline cars in total imports decreased from 64.4% to 44.2%.
Imports of hybrid cars increased by 42%, reaching 17,480 units. Their total value amounted to $339.3 million, which is 17% more than in 2023. The share of hybrids in total imports increased from 15.3% to 23.4%.
Electric vehicles showed even more impressive growth: the number of imported cars increased 1.5 times, from 16,084 to 24,095 units. At the same time, their cost decreased by 48.2% to $224.8 million. The share of electric vehicles in imports increased from 20% to 32.3%.
The average cost of an imported electric car decreased almost threefold, from $26,972 to $9,330 (excluding VAT and customs duties). Hybrid cars also fell in price, but less significantly: the average price dropped by 17.6%, from $23,570 to $19,410. For gasoline cars, the decline was only 6%, from $22,858 to $21,476.
The growing demand for environmentally friendly vehicles is being stimulated by tax and customs incentives. Imports of electric vehicles are exempt from excise duties, customs duties, and road tolls. Taxi drivers using electric and hybrid vehicles are exempt from license fees until 2030. Entrepreneurs are entitled to benefits for the installation of charging stations, which will be introduced in 2023.
In addition, the registration of electric vehicles and hybrids is cheaper than that of gasoline cars. For example, the cost of registering an eco-friendly vehicle is 1.5 BRV, while for gasoline cars it is 6.84 BRV.
Problems with LPG refueling and the high cost of gasoline also contribute to drivers’ switching to electric vehicles. As a result, the share of eco-friendly vehicles in imports reached 55.8% (33,564 units), exceeding the share of gasoline cars (44.2%, 32,928 units).
In August, registrations of electric vehicles (new and used) in Ukraine amounted to 6,445 thousand, which is 68% more than in August last year and 36.6% more than in July this year, Ukravtoprom reported on its telegram channel. As reported, in July 2024, the demand for electric vehicles increased by 38% compared to July 2023 and by 14% compared to June 2024.
As reported, market experts attribute this jump in demand for electric vehicles over the past 1.5 months to the government’s initiative to introduce a 15% military tax on car buyers during the first registration, including electric vehicles, which are currently not taxed in Ukraine (except for a small excise tax).
In late August, it was reported that the government had abandoned this initiative.
According to Ukravtoprom, the share of new cars in electric car registrations in August was 18%, the same as a year earlier (21% in July).
The bulk of the electric vehicles registered during the month were passenger cars – 6,302 thousand units (new – 1,159 thousand, used – 5,143 thousand), and only five of 143 commercial vehicles were new.
The top five new electric cars in July were BYD Song Plus – 174 units; Honda M-NV – 169 units; Volkswagen ID.4 – 147 units; ZEEKR 001 – 107 units; Nissan Ariya – 83 units.
The top five used cars were Nissan Leaf – 658 units; Tesla Model Y – 588 units; Tesla Model 3 – 561 units; Hyundai Kona – 308 units; Volkswagen e-Golf – 289 units.
In total, in January-August, more than 35.6 thousand battery-powered vehicles were registered for the first time in Ukraine (79% more than in the same period in 2023), with new vehicles accounting for 20%.
For its part, the AUTO-Consulting information and analytical group also notes a jump in demand for electric cars based on information about military training – according to its data, 1.3 thousand new electric vehicles were sold in August, which was a monthly sales record for the entire period of observation.
“Although the share of the electric car market slightly decreased compared to previous months and amounted to 16%, the absolute number of sales was a record, despite the massive power outages,” the group’s website states.
According to experts, 8.2 thousand new electric vehicles (16.9% of the total car market) were sold in Ukraine in 8 months of 2024, which is 30% more than in the same period in 2023.
As reported, in 2023, according to Ukravtoprom, registrations of new and used electric cars in Ukraine increased 2.8 times to 37.6 thousand, with new cars accounting for 20% compared to 17% a year earlier.
In August, registrations of electric vehicles (new and used) in Ukraine amounted to 6,445 thousand, which is 68% more than in August last year and 36.6% more than in July this year, Ukravtoprom reported on its telegram channel.
As reported, in July 2024, the demand for electric vehicles increased by 38% compared to July 2023 and by 14% compared to June 2024.
As reported, market experts attribute this jump in demand for electric vehicles over the past 1.5 months to the government’s initiative to introduce a 15 percent military tax on car buyers during the first registration, including electric vehicles, which are currently not taxed in Ukraine (except for a small excise tax).
In late August, it was reported that the government had abandoned this initiative.
According to Ukravtoprom, the share of new cars in electric car registrations in August was 18%, the same as a year earlier (21% in July).
The bulk of electric vehicles registered during the month were passenger cars – 6,302 thousand units (new – 1,159 thousand, used – 5,143 thousand), and only five of 143 commercial vehicles were new.
The top five new electric cars in July were BYD Song Plus – 174 units; Honda M-NV – 169 units; Volkswagen ID.4 – 147 units; ZEEKR 001 – 107 units; Nissan Ariya – 83 units.
The top five used cars were Nissan Leaf – 658 units; Tesla Model Y – 588 units; Tesla Model 3 – 561 units; Hyundai Kona – 308 units; Volkswagen e-Golf – 289 units.
In total, in January-August, more than 35.6 thousand battery-powered vehicles were registered for the first time in Ukraine (79% more than in the same period in 2023), with new vehicles accounting for 20%.
For its part, the AUTO-Consulting information and analytical group also notes a jump in demand for electric cars based on information about military training – according to its data, 1.3 thousand new electric vehicles were sold in August, which was a monthly sales record for the entire period of observation.
“Although the market share of electric cars slightly decreased compared to previous months and amounted to 16%, the absolute number of sales was a record, despite the massive power outages,” the group’s website states.
According to experts, 8.2 thousand new electric vehicles (16.9% of the total car market) were sold in Ukraine in 8 months of 2024, which is 30% more than in the same period in 2023.
As reported, in 2023, according to Ukravtoprom, registrations of new and used electric cars in Ukraine increased 2.8 times to 37.6 thousand, with new cars accounting for 20% compared to 17% a year earlier.
In June 2024, registrations of electric vehicles (new and used) in Ukraine increased by 35% compared to the same month in 2023, to about 4.2 thousand units, Ukravtoprom reported on its Telegram channel.
Compared to May of this year, demand for them increased slightly.
In particular, the share of new electric cars in total registrations in June, as in the previous year, amounted to 19%, having increased by 3 percentage points by May 2024.
The bulk of the registered electric cars were passenger cars – 4,079 thousand units (784 new units, 3,295 thousand units used), and only eight of 119 commercial vehicles were new.
The top five new electric cars in May were Honda M-NV – 140 units, Nissan Ariya – 91 units, MG 4 – 71 units, Volkswagen iD.4 – 71 units, BYD Song Plus – 62 units.
The top 5 newly registered used cars include Tesla Model 3 – 419 units, Nissan Leaf – 410 units, Tesla Model Y – 367 units, Volkswagen e-Golf – 208 units, and TESLA Model S – 196 units.
According to the Association, in the first half of the year, more than 24.4 thousand units of vehicles with battery power sources were registered for the first time in Ukraine (almost twice as many as in the same period in 2023), of which 20% were new (22% a year earlier) and 80 were used.
As reported, in 2023, according to Ukravtoprom, registrations of electric cars in Ukraine increased 2.8 times to 37.6 thousand, with new cars accounting for 20% compared to 17% a year earlier.
The Chinese authorities plan to pay car owners up to 10 thousand yuan ($1.4 thousand) if they replace their cars with all-electric or hybrid ones this year, The Wall Street Journal reports.
In addition, the government will provide subsidies of 7 thousand yuan to those who change cars to traditional ones with engines of no more than 2 liters.
Following the news, American Depository Receipts (ADRs) for shares of Chinese electric vehicle manufacturers rose in price on Friday, including Nio – by 9.4%, XPeng – by 11.1%, Li Auto – by 7%, BYD – by 3.7%.
In February, registrations of electric vehicles (new and used) in Ukraine increased 2.3 times compared to the same month in 2023 – up to 3.924 thousand units, including the share of new ones at 24%, Ukravtoprom reported on its Telegram channel.
The bulk of the electric vehicles registered during the month were passenger cars – 3,881 thousand units (new – 926 units, used – 2,955 units), and only two of the 43 commercial vehicles were new.
The top five new electric cars on the market in February were formed by: Volkswagen iD.4 – 257 units; BYD Song Plus – 104 units; Honda eNS1 – 96 units; Nissan Ariya – 71 units and Honda M-NV -49 units.
The TOP-5 of the first-time registered used cars in January included Nissan Leaf – 416 units; Tesla Model 3 – 380 units; Tesla Model Y – 279 units; Volkswagen e-Golf – 210 units and Hyundai Kona Electric -161 units.
As reported, in January of this year, Ukrainians purchased more than 3.5 thousand electric vehicles, which is 2.8 times more than in January 2023, with the share of new cars amounting to 24%.
In total, 7.5 thousand electric vehicles were registered for the first time in Ukraine in two months, 2.5 times more than a year earlier.
In 2022, according to Ukravtoprom, registrations of electric cars in Ukraine increased 2.8 times to 37.6 thousand, with new cars accounting for 20% compared to 17% a year earlier.
