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    Kazakhstan

    Kazakhstan's EV market sees 9-fold increase

    Kazakhstan's EV market sees 9-fold increase

    Kazakhstan's car industry witnessed a notable surge in the number of EVs, with a 9-fold increase in January compared to the same period the previous year. The number of electric passenger cars grew by 9.2 times, from 914 to 8,366 units, the Bureau of State Statistics reports.

    Photo: Kazakhstan's EV market sees 9-fold increase  
    Source: Arbis.kz

    The cities of Almaty and Astana, along with the Almaty Region, are leading in terms of the number of EVs, with 4,946, 1,044, and 379 units, respectively.

    As of February 1, the total number of registered motor vehicles in Kazakhstan reached 5.3 mn units. Of these, 88.1% are passenger cars, 9.8% are trucks, and 2.1% are buses.

    The accelerated uptake of electric vehicles is attributed to the extension of duty-free imports for such vehicles until 2025. This policy change results in a 15% reduction in the customs value of the vehicle, leading to significant savings.

    EVs are growing in popularity globally as well. In five years, from 2017 to 2022, sales of electric vehicles surged from approximately 1 mn to over 10 mn.

    In 2022, sales of electric cars surpassed 10 mn, marking an increase of 55% compared to 2021. China accounted for half of these sales.

     

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    01.04.2024, 11:01   Comments (0)   1740
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