EVs to travel for free on Russia’s toll roads from 2022

Russian authorities have announced a new plan to support the production of electric vehicles (EVs) and stimulate demand for them.

Of the 45 million cars in circulation in Russia, just 11,000 were electric as of the start of this year, and they were serviced by around 1,000 charging stations, according to Reuters. 

Under the new plan, the Government hopes to increase this number and see EVs account for 10 per cent of all cars produced by 2030.

During the first stage of the strategy, from 2021 through to 2024, the nation wants to see at least 25,000 EVs and more than 9,000 charging stations on its roads.

To encourage consumer uptake, the government will offer buyer incentives, including loans and easy leasing terms for battery-powered cars. Additionally, starting in 2022, Russian authorities plan to launch an experiment that will see EVs travel for free on Russia’s toll roads.

“A number of countries have already announced their desire to abandon transport with internal combustion engines,” said Prime Minister Mikhail Mishustin.

“It’s obvious that electric cars and cars that run on environmentally friendly power units are the future. And we also need to actively develop this sector.”

Manufacturers of EVs and batteries will also have access to subsidies to co-finance the costs of building facilities, as well as special investment contracts.

Hydrogen fuel cell manufacturers can expect similar support, with authorities providing a full list of activities aimed at developing this subsector in the following months.

Source: Bloomberg Green | Russia’s Electric Car Strategy to Cost $8 Billion Through 2030

27 August 2021

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