Armenia exempts electric vehicles from import VAT and customs duties.In 2019, Armenia approved the exemption of VAT on electric vehicle imports until January 1, 2022, after which it was extended to January 1, 2024, and will be extended again to January 1, 2026, according to the website of the Economic and Commercial Office of the Chinese Embassy in the Republic of Armenia. Thanks to the VAT and customs duty exemption, Armenia’s EV imports have grown significantly.In 2022, Armenia imported 2,681 EVs, a 42.3% year-on-year increase, and from January to November 2023, 4,496 EVs were imported, a year-on-year double.Between 2021 and 2022, Armenia already has 100 charging stations in operation in the Armenia, which can simultaneously charge up to 150 electric vehicles at the same time. It is reported that Armenia intends to replace all vehicles of government agencies with electric vehicles, and the relevant work program is under development.
Source: China council for the promotion of international trade
