Different types of 5,308 Electric vehicles registered

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This photo taken on 2 March 2023 shows BYD electric cars at the Pannita Auto Fair in Yangon, Myanmar.

A total of 5,308 different types of electric vehicles have been registered from January 2023 to January 2024, according to a press release by the Road Transport Administration Department.

The release said that 81 companies have been authorized to import and sell EV vehicles and they will have to open the brand showrooms starting 1 February. Import licences will only be issued to the companies which meet the requirements.

According to the statement, there are 2,217 passenger EV vehicles, 11 EV light trucks, 2,836 EV cycles, 244 EV tricycles have been registered with the department. There are many kinds of EV vehicles and the prices range between K80 million to K200 million.

In order to develop the EV sector, the National Steering Committee for the Development of Electric Vehicles and Related Industries has set the tax rates for the electric vehicles to zero per cent, and has also invited the local investors to invest. — TWA/ TRKM/TH

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