Abolition of import duties on electric cars will have a positive impact on the industry development

10 january 2014

Experts of the Analytical Center prepared a summary of information on the development prospects of electric and hybrid vehicles worldwide. The summary presents a typology of electric vehicles and accumulated data on the geographic structure of their sales in 2012 worldwide as well as evaluates the pros and cons of their exploitation.

The market of electric and hybrid vehicles has been experiencing an explosive growth in the last 7-10 years when relatively affordable car models that use both internal combustion engines and electric motors have made their appearance at the global market. In recent years off-grid rechargeable hybrid cars and electric cars run on the electric motor only have started spreading around more and more. Yet, experts believe that wide distribution of new car types is impeded due to certain issues, namely: high costs, relatively low technical features and absence of necessary infrastructure (read fast charging stations).

Japan, The USA, China and such European countries as Norway, France, Germany, Great Britain and the Netherlands feature among the largest electric (as well as hybrid) car markets. According to experts, this situation is not likely to change drastically in the near future. As for Russia, of all the electric cars hybrid models that can’t be externally charged have gained the widest circulation in our country. From the 1st of February 2014 import duties on electric vehicles will be abolished for a period of two years on the territory of Customs Union countries, which, according to experts, can seriously boost the industry development.

For more details, please turn to the summary of information prepared by the Directorate for Fuel and Energy Complex economy of the Analytical Center.