RUSSIAN EV SALES AND INCENTIVES
Russia has lifted import duties on Electric Vehicles, which accounts for around 15% of the sales price. The incentive is in force from September 2016 to August 2017 and does not include Hybrid Vehicles and Plug-In Hybrid Vehicles. The same incentive was in force from February 2014 to early 2016 but was not extended until the latest concession.
Only 647 electric vehicles registered in 2016 consisting of 5 model ranges. Moscow lead with 280 vehicles registered.
Registration Of Top Selling Plug-In Electric Vehicles By Model In Russia
Russian EV Sales in the news
Week 22 2017 - Russian Oil denounces EVs and Tesla
As the electric vehicle sales in neighboring Norway climbed 30% year-on-year for the month of May the CEO of Russias largest oil company, Rosneft PJSC, Igor Sechin denounced EVs as overrated. Mr. Sechin was quoted by Bloomberg during a speech at the St.Petersburg International Economic Forum saying Tesla is overvalued and EVs are “not as popular as had been expected” in Europe’s biggest economies. Mr. Sechin went further saying “The market’s assessment of the prospects of electric car producers, in our view, is significantly overestimated,” and that “Until the electric transport industry becomes as user-friendly and attractive for consumers as the cars with internal combustion engines, the prospects for electric vehicles remain largely uncertain.” Rosneft that had 2015 revenues of nearly $100 billion market value was clipped by that of Tesla at the end of May 2017. Tesla shares were up nearly 60% for the year while Rosneft was down 20%.
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How successful is the Chinese New Energy Vehicles Program? The State Auditor found that 45% of Chinese EV makers sold less than 500 models per year.
Traum Auto, another new vehicle brand chasing the Chinese dream. The latest brand is from the Zotye stable officially launched on the 27th of June 2017.
#Top5 #EVNews Week 25: #Tesla Asia expansion, #China auto to battle #Tesla , #SelfDrivingNews , flood of new #EVBrands & #EVModels