Sales of electric vehicles in Uzbekistan are accelerating rapidly, even as the broader car market experiences mixed trends, according to a new report by the Center for Economic Research and Reforms (CERR).
Annual sales of electric vehicles (EVs) in Uzbekistan rose by 62.6% in the first half of 2025 compared to the same period last year, reaching 28,800 units. The surge was particularly strong in the Syrdarya, Khorezm, and Kashkadarya regions.
In June alone, 5,100 light electric vehicles were sold, a slight 1.7% decline from May. However, analysts note that the market continues to show stable year-on-year growth, indicating strong long-term demand.
As of April 1, 2025, the total number of registered electric vehicles in the country stood at 65,200, with Tashkent city leading the way at 49,700 EVs. The lowest number was recorded in Surkhandarya region, with only 198 units.
Steady Trends in the Car Market
The broader automobile market in Uzbekistan is showing signs of stability. In June, passenger car sales increased by more than 3% year-on-year. However, for the January–June period, sales totaled 446,000 units, marking a 23% decline from the same period in 2024. CERR attributes this drop mainly to sluggish activity in the secondary car market, which traditionally dominates total sales.
Primary Market Sees Modest Growth
June brought positive momentum to the primary car market, with 23,700 new domestically produced passenger cars sold — a 15.6% rise compared to the previous month. This includes a 10% month-on-month increase in overall new car sales.
Meanwhile, sales of new foreign-made passenger cars declined to around 4,000 units, a 12.6% decrease compared to May.
Secondary Market Stalls
In the secondary car market, over 52,000 used vehicles were sold in June — a 0.4% dip compared to May. However, the annual growth rate stood at a modest 1.3%.
Earlier, the Boston Consulting Group forecast that Uzbekistan's automotive market would grow by an average of 6% annually through 2030. Three major trends are expected to shape this growth:
- Increased sales of electric and hybrid vehicles (HEVs)
- A shift toward higher-end, premium models
- Continued demand for SUVs and off-road vehicles
CERR notes that macroeconomic factors such as economic growth, exchange rate stability, and the Central Bank’s key rate will play crucial roles in determining the pace and direction of this growth.
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