Wednesday Dec 6, 2023
Wednesday Dec 6, 2023

Import of EVs increases 66 percent

2023 Apr 21, 14:14,
Electric microbuses Photo: RSS

Import of electric vehicles (EVs) has increased by 66.39 percent in the first nine months of the current fiscal year than the corresponding period of the last fiscal year.

According to the Department of Customs, a total of 2,451 EVs were imported in the first nine months of the current fiscal year as against 1,473 in the corresponding period of the previous fiscal year. Among the import of EVs, the highest is from India followed by China. Altogether 1,755 EVs of 100-kilowatt capacity were brought into the country from India during the period while there were 381 EVs of the same capacity imported from China in that period. EVs of 100 to 300-kilowatt capacity amounting to over Rs 7 billion were imported from various countries such as South Korea, Indonesia, and the UK from mid-July 2022 to mid-April 2023, according to the Department. EVs worth over Rs 4.7 billion were imported from India from the beginning of the current fiscal year till mid-April. EVs of Tata and Mahindra companies made up most of the imports from India while BYD, MG, and Tesla were mostly imported from China.

The government collected over Rs 1.9 billion in revenue from the import of 2,451 EVs in the first nine months of the current fiscal year, according to the Department of Customs.

import electric vehicles Department of Customs revenue current fiscal year
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