In a bid to encourage electric vehicles (EVs) use, 38 EV charging stations have installed 51 chargers in the initial stage, said U Zaw Win, Yangon Region Minister for Natural Resources and Environmental Conservation.
He gave a remark at the opening ceremony of the EV charging station affiliated with Terminal 202 petrol station in Mingaladon Township, Yangon Region on 23 November.
To reduce the consumption of imported fuel in the transportation sector and air pollution, the authorities are encouraging the use of EVs as a substitute fuel oil. Under the guidance of the National-level Leading Committee on Development of the Electric Vehicle and Related Businesses, as a part of the initial stage, the installation of 51 EV chargers was done at 38 fuel stations; 24 in Yangon, seven on the Yangon-Mandalay Expressway and seven in Nay Pyi Taw, which facilitates the EVs for charging, U Zaw Win elaborated.
Myanmar Investment Commission also released a statement on 15 February that electric vehicles and related businesses will be promoted as the priority sector, as per its notification dated 15 February.
In the exercise of the power conferred by Sections 43 and 100 (B) of Myanmar Investment Law, the MIC issued this statement with the approval of the Union government.
Enterprises executing installation, manufacturing and restoration services of the EVs, renewable electricity generation, EVs charging service businesses, electric vehicle battery production, EV battery and related service business, electric bus operation services, electric taxi and transportation service businesses and scientific research development business are included in those priority sectors.
During the establishment and ideation phase for incorporation and operations, those businesses can seek permit from the MIC to enjoy tariff relief or zero-customs tariff status and exemption for other taxes levied in the country under Section 77 (A) of the Myanmar Investment Law and income tax exemption under Section 75 (C) of the Myanmar Investment Law for the importations of machinery, essential equipment and accessories, spare parts and construction raw materials that cannot be found in domestic markets. Myanmar has been bringing in electric vehicles (EVs) and EV chargers under the Customs tariff relaxation through seaborne and border trade routes as well as air transport through Yangon International Airport, according to the Ministry of Commerce. — NN/EM
