What specific tax exemptions and subsidies are being offered to encourage the adoption of electric vehicles in Uzbekistan?

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Uzbekistan has implemented several tax exemptions and subsidies to encourage the adoption of electric vehicles (EVs) in 2024. These measures are part of the country's broader strategy to promote environmentally friendly transportation and reduce carbon emissions. Here are the specific incentives:

Tax Exemptions:
- Value-Added Tax (VAT), Surtax, and Excise Tax: All electric vehicles are exempted from VAT, surtax, and excise tax.
- Customs Duty: Electric vehicles are exempted from customs duties, which significantly reduces the cost of importing EVs.
- Motor Vehicle Charges: EVs are also exempted from motor vehicle charges.
- Car Registration Tax: Electric vehicles are exempted from the 3% car registration tax, which is included in the retail price of traditional vehicles.
Subsidies and Incentives:
- Purchase Subsidies: The government offers subsidies for the purchase of electric vehicles to make them more affordable for consumers.
- Charging Infrastructure: Incentives are provided for the installation of EV charging stations at home, including new tariff incentives for nighttime charging.
- Land Tax Exemptions: Areas with charging stations for at least two electric vehicles and parking spaces around each of them are exempt from land tax.
Corporate Incentives:
- Tax Benefits for Manufacturers: Companies in the electrical industry, including those involved in EV production, are granted tax benefits for the period from January 1, 2024, to January 1, 2027, in the form of a 50% tax reduction.

These measures aim to make electric vehicles more accessible and attractive to consumers and businesses in Uzbekistan, thereby supporting the country's green transition and modernization efforts.

What specific tax exemptions and subsidies are being offered to encourage the adoption of electric vehicles in Uzbekistan?

Preview

Tax Exemptions:
- Value-Added Tax (VAT), Surtax, and Excise Tax: All electric vehicles are exempted from VAT, surtax, and excise tax.
- Customs Duty: Electric vehicles are exempted from customs duties, which significantly reduces the cost of importing EVs.
- Motor Vehicle Charges: EVs are also exempted from motor vehicle charges.
- Car Registration Tax: Electric vehicles are exempted from the 3% car registration tax, which is included in the retail price of traditional vehicles.
Subsidies and Incentives:
- Purchase Subsidies: The government offers subsidies for the purchase of electric vehicles to make them more affordable for consumers.
- Charging Infrastructure: Incentives are provided for the installation of EV charging stations at home, including new tariff incentives for nighttime charging.
- Land Tax Exemptions: Areas with charging stations for at least two electric vehicles and parking spaces around each of them are exempt from land tax.
Corporate Incentives:
- Tax Benefits for Manufacturers: Companies in the electrical industry, including those involved in EV production, are granted tax benefits for the period from January 1, 2024, to January 1, 2027, in the form of a 50% tax reduction.

These measures aim to make electric vehicles more accessible and attractive to consumers and businesses in Uzbekistan, thereby supporting the country's green transition and modernization efforts.