President of Ukraine Volodymyr Zelensky has signed laws that will stimulate the development of ecological transport in Ukraine.
Kyiv. Ukraine. Ukraine Gate – August 12, 2021 – Transportation
President Volodymyr Zelensky signed two laws aimed at developing ecological transport: “On Amendments to Section XX” Transitional Provisions “of the Tax Code of Ukraine on Stimulating the Development of the Ecological Transport Sector in Ukraine” and “On Amendments to Paragraph 4 of Section XXI “Final and Transitional Provisions” of the Customs Code of Ukraine on Stimulating the Development of the Ecological Transport Sector in Ukraine “.
According to these laws, the country should increase the production of electric vehicles, tram cars, and subway cars, vehicles with internal combustion engines with spark ignition, which runs exclusively on compressed or liquefied methane or biogas.
Also temporarily, until January 1, 2026, will apply a number of benefits. For example, the importation into Ukraine and the supply on the territory of Ukraine of vehicles equipped with electric motors will not be taxed.
In addition, until December 31, 2035, the profits of enterprises that manufacture these vehicles, as well as electric motors, lithium-ion (lithium-polymer) batteries, and chargers for them are exempt from taxation. But this is only under the condition of directing the released funds to scientific, research, and development work in the field of electric transport, the introduction of new technologies.
The press center said that the adoption of these laws will help protect the environment because the use of environmentally friendly transport will help reduce air pollution. Also, investments in the machine-building and electrical engineering sectors of Ukraine’s economy will increase and a large number of new jobs will appear.
These laws will enter into force on January 1, 2022.
In March 2021, the Ukrainian fleet was replenished with 660 electric vehicles, which is 61% more than in the previous year.
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Source: Ukrgate
