Russia’s demand for electric cars grows 30% after start of duty-free imports

Jun 9, 2020 – Demand for electric cars in Russia grew around 30% after the start of duty-free imports, according to analysts of one of the largest domestic online car sales aggregators Drom.ru.

Duty-free imports of electric cars to Russia started on May 4. The zero rates are valid until December 31, 2021, and are applied to cars imported to the Eurasian Economic Union with no restrictions on the age of a vehicle.

“Drom.ru’s EV sales increased 32% in the past month. The total number of sale advertisements increased by 30% as compared to February,” spokeswoman for the website Yelizaveta Olofinskaya said.

She added that the most popular model on the market is the Nissan Leaf. It is followed by the Mitsubishi Minicab MiEV and the premium Jaguar I-Pace. Since the beginning of the year, most electric cars have been brought to the Primorsky region (661), the Irkutsk region (142), and the Krasnodar region (141). In addition, a significant increase was recorded in Moscow and the Novosibirsk region.

“According to our statistics, zeroing duties for electric cars really stimulated demand. Switching to EVs and refusal from gasoline and diesel engines is a significant trend on the global car market. Although the benefits of canceling duties will most likely be affected by the March jump in the U.S. dollar exchange rate,” Olofinskaya also said citing Drom’s analyst Evgeny Polikutin.