The state subsidizes every electric car – Serhii Kuiun

The development of electric vehicles should not be driven by excessive incentives, a fuel market expert warned.

Serhii Kuiun made the statement during a briefing at Media Center Ukraine.

“The state has opened another gateway for cheap transportation, electric cars, which are exempt from VAT and excise tax. As a result, people who used to save money by using liquefied gas have now rushed to this new ‘offshore,'” Kuiun said. “The number of electric cars keeps growing, not because of environmental awareness, but because refueling is almost free. A night tariff of 2.16 electricity rate [ed.] means you’re essentially charging your car for free. This increases losses to the state budget during wartime. In effect, the government is subsidizing every electric vehicle owner.”

Read more: https://mediacenter.org.ua/news