Powering an electric car is also cheaper than one running on diesel or gasoline as Uzbekistan has some of the world''s lowest electricity costs, which are heavily subsidized by the government...
In October 2023, the Asian Development Bank (ADB) has allocated 170 million dollars to support an electric transport de-velopment program in the country and will be dedicated in removing barriers and popularizing commercial electric vehicles (e.g. electric bus fleets and charging infrastructure).22.
Providers of passenger transportation services in electric cars and hybrid cars will be exempted from paying state duty for the issuance of license sheets until January 1, 2030. Until January 31, 2023, a scientific research laboratory on electric vehicles and their infrastructure will be established at the Polytechnic University of Turin in
President approved the agreement to establish the production of hybrid and electric cars in Uzbekistan jointly with China''s BYD. The plan aims for 50,000 units by 2024 and 500,000 in the future through a complete knock-down (CKD) approach. The expected investments amount to $160 million.
The Ministry of Justice of Uzbekistan has announced plans to significantly ramp up the production capacity of electric and hybrid cars in the country, aiming to reach 500,000 units per year. Electric car charging station. This ambitious initiative comes following the adoption of a presidential decision on the approval of the investment
Shavkat Mirziyoyev has signed the decision "On measures of state support for the organization of the production of electric cars" that envisions a system of state support for the production of vehicles powered by electric energy sources.
Providers of passenger transportation services in electric cars and hybrid cars will be exempted from paying state duty for the issuance of license sheets until January 1, 2030. Until January 31, 2023, a scientific research laboratory on electric vehicles and their infrastructure will be established at the Polytechnic University of Turin in Tashkent.
On March 18, President of Uzbekistan Shavkat Mirziyoyev signed a resolution approving an investment agreement to establish production of BYD electric and hybrid vehicles and their components in Uzbekistan.
On December 29, 2022, Uzavtosanoat (holding a 60% stake) and BYD Europe B. V. (Netherlands, with a 40% share) established a joint venture BYD Uzbekistan Factory. On September 26, 2023, a project implementation agreement was signed between the government of Uzbekistan and the investor, paving the way for the introduction of the BYD brand in Uzbekistan starting from 2023.Advertising on Gazeta.uz
The resolution outlines the obligation of the investor and the joint venture to attract a total investment of $160 million, including $60 million in foreign direct investment, throughout the project''s implementation period.
In the initial stage during 2024, the production of electric and hybrid cars is set to start using the complete knock-down (CKD) method, aiming for a production capacity of 50,000 units. Subsequent stages of the project are expected to increase the capacity to 500,000 units per year.
The investor should create 1,000 jobs and facilitate the gradual localization of production of components and spare parts for manufactured cars at domestic enterprises. Such components include glass, seats, plastic parts and bumpers.
Additionally, the investor is committed to allocating funds for research and regular professional development of local personnel, including training at BYD facilities abroad.
The president directed the Ministry of Investment, Industry and Trade and Uzavtosanoat to negotiate with BYD to include additional clauses in the agreement beyond the target of achieving the production capacity of 500,000 units per year. The additional clauses encompass a target of reaching a localization level of 60%, creating 10,000 jobs, and expanding the list of permanent export destinations for the cars, in addition to those established by the joint venture.
The agreement is also expected to include measures aimed at protecting consumers'' interests in purchasing high-quality and safe electric and hybrid cars, ensuring their compliance with local climate and providing warranty services. Additionally, it will seek to create equal conditions for granting benefits and preferences to all car-producing enterprises, including the investor.
As previously reported, the same decree mentions BYD''s appeal to the government of Uzbekistan to limit the "disordered" import of electric and hybrid cars. This request stems from the company''s concerns that privately imported models are not suitable to the local climate and road conditions as well as lack an official warranty.
The president directed the Ministry of Economy and Finance, the Ministry of Investment, Industry and Trade as well as Uzavtosanoat to submit proposals to the Cabinet of Ministers by July 1. These proposals are aimed at implementing the investor''s request to regulate the import of electric and hybrid cars bearing the BYD brand in accordance with the current legislation, including competition law and principles of the World Trade Organization.
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