Saturday, February 15 2025 12:48
Naira Badalian

Armenia runs out of 81% of duty-free import of electric vehicles by  persons without distribution agreements 

Armenia runs out of 81% of duty-free import of electric vehicles by  persons without distribution agreements 

ArmInfo. As of February 14, 2025, the balance of duty-free import of electric vehicles into the territory of Armenia by persons who do not have dealer distribution agreements directly with the car manufacturer is 933 units out of the total 5,000 allocated to the country for the current year.

The State Revenue Committee reminds that by Decision No. 134 of the  Council of the Eurasian Economic Commission dated November 24, 2023,  the quota for 2025 for exemption from import duty in the amount of 0%  for electric vehicles classified under the HS code 8703 80 000 2 was  set at 8,000 units of vehicles, which was approved by the decision of  the Government of the Republic of Armenia on November 28, 2024 (N  1876-N).

The quota was distributed as follows: 5,000 of them will be able to  be imported by individuals and sole proprietors, 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 with distribution agreements concluded directly with the  car manufacturer with the relevant documentation on warranty and  post- warranty service.

At the same time, the State Revenue Committee of the Republic of  Armenia reports that as of February 14, 2025, 412 units or 13.7% of  the allocated quota (3,000 units) were registered with an exemption  from customs duties by entities importing directly under a  dealer-distributor agreement concluded with the car manufacturer.

And out of the allocated quota of 5,000 units, 4,067 units or 81.3%  were imported by importers.

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

And, if previously the import of these cars did not exceed the  established quota, and there were even years when only a few dozen  electric cars were imported, during 2024 there was unprecedented  activity, in connection with which on October 10 of the same year 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."