Thursday, November 28 2024 12:52
Naira Badalian

Armenia`s government approves quota for duty-free import of electric  cars next year 

Armenia`s government approves quota for duty-free import of electric  cars next year 

ArmInfo.On November 28, at a regular meeting, the Armenian government approved a quota for the  duty-free import of 8,000 electric vehicles in 2025.

As stated in the explanation of the decision, 5,000 of them will be  able to be imported by individuals and individual entrepreneurs, as  well as legal entities that do not have dealer-distributor agreements  directly with the car manufacturer. The remaining 3,000 are allowed  to be imported by dealers in the presence of distribution agreements  concluded directly with the car manufacturer on the relevant  documentation on warranty and post-warranty service.

At the same time, citizens will be able to use only one of the above  options for importing cars at zero customs duty.

On December 28, 2023, the Armenian Cabinet approved a decision  stating that an agreement was reached during the Eurasian  Intergovernmental Council to extend the benefit for the import of  electric vehicles for another two years. A tariff quota of 8,000  electric vehicles (classified under HS code 8703 80 000 2) per year  was set for Armenia for 2024-2025. 

And if previously the import of these vehicles did not exceed the  established quota, and there were even years when only a few dozen  electric vehicles were imported, unprecedented activity was noted  during this year, in connection with which on October 10 the  government distributed the remaining 600 units in reserve, and Prime  Minister Nikol Pashinyan proposed in 2025 to give preference to the  importer of a new car that is no more than 2 years old. However, on  November 13, he announced in parliament the decision not to introduce  such restrictions, since he believed that <government agencies had  communicated the issue incorrectly>.