Importation of electric vehicles granted zero Customs tariff


Electric vehicles (EVs) will be entitled to be zero-Customs tariff status, according to the Ministry of Planning and Finance.
To increase the number of EV users and improve the related business, tariffs of Battery Electric Vehicle (BEV) imported under Completely Built Up (CBU), Completely Knocked Down (CKD) and Semi-Knocked Down (SKD) in Customs Tariff of Myanmar 2022 were reduced to zero per cent in line with the decision of the Union Government. Types of BEVs include road tractors for semi-trailers, buses or motor vans for the transport of ten or more people including the driver, truck, motor vehicle for personal use, three-wheeled vehicles for the transport of persons, three-wheeled vehicles for the transport of goods, electric motorcycle, electric bicycle, ambulance, prison vans and hearses.
According to this directive, the imports of spare parts (for instance, charging station equipment and device) with the recommendation of the Ministry of Electric Power and the spare parts with the recommendation of the Department of Industry can be done between 2 November 2022 and 31 March 2023.
At present, Chinese electric vehicles are preparing to enter Myanmar’s automobile market. On 10 October, Hozon Auto Company signed a strategic cooperation agreement with Grand Sirius Limited (GSE) for the electric vehicle market. According to the agreement, Hozon Auto will introduce the Neta U and Neta V brand to Myanmar’s automobile market with the international standard for EVs. Hozon Auto has invested in Israel, Laos and Nepal.
Similarly, Dongfeng Motor Myanmar planned to import BYD branded EVs made in China at the end of 2022. They were given the go-ahead to import BYD-branded EVs.
They planned to import them by the end of the year and distribution is expected to commence in early 2023.
Five charging stations will be constructed on the Yangon-Mandalay expressway as a pilot project, the Ministry of Electric Power released a statement on 31 August.
They will be located at zero-mile (No 3 junction), 115th-mile Phyu bus terminal, the milepost 201/2 (the junction of Nay Pyi Taw), milepost 284/4 (Theegon bus terminal) and milepost 352/3 (Sakar Inn junction). Each charging station can charge 50 EVs. Efforts will be made for charging stations to charge up to 250 EVs, the MoEP stated. —NN/GNLM

Share this post
Hot News
Hot News