Dear MEL Topic Readers,
Uzbekistan is looking to electric cars to help drive its green transition
Uzbekistan is a doubly landlocked country in Central Asia with a population of 37 million. Tashkent is the capital city, and Samarkand is an ancient Silk Road landmark.
Since the formation of joined forces between General Motors and the Uzbek government in 2008, GM’s Chevrolet branded cars have dominated the Uzbek car market with over 60% market share. But the wind is changing. The Uzbek government has been encouraging the adoption of electric vehicles (EVs) by dropping customs duties on EVs and hybrid vehicles to reduce carbon gas emissions. As a result, EV sales have grown 10-fold in the last three years. In January, BYD, China’s EV and battery manufacturer, opened its first EV factory outside its home market. It has an ambitious plan to produce hundreds of thousands of EVs and PHVs in the coming years. However, EVs aren’t so clean in Uzbekistan as over 80% of the nation’s electricity is generated by burning fossil fuels. The country plans to increase solar and hydropower to achieve its carbon emission goals while promoting EVs on the road. This is another example of Asian countries where Japanese and Western car brands have dominated the automobile sales but Chinese brands EVs are taking over the market share rapidly.
Read the article and learn about the changes happening in Uzbekistan’s auto market.
https://edition.cnn.com/2024/08/29/business/uzbekistan-electric-cars-spc/index.html
Uzbekistan is looking to electric cars to help drive its green transition
Uzbekistan is a doubly landlocked country in Central Asia with a population of 37 million. Tashkent is the capital city, and Samarkand is an ancient Silk Road landmark.
Since the formation of joined forces between General Motors and the Uzbek government in 2008, GM’s Chevrolet branded cars have dominated the Uzbek car market with over 60% market share. But the wind is changing. The Uzbek government has been encouraging the adoption of electric vehicles (EVs) by dropping customs duties on EVs and hybrid vehicles to reduce carbon gas emissions. As a result, EV sales have grown 10-fold in the last three years. In January, BYD, China’s EV and battery manufacturer, opened its first EV factory outside its home market. It has an ambitious plan to produce hundreds of thousands of EVs and PHVs in the coming years. However, EVs aren’t so clean in Uzbekistan as over 80% of the nation’s electricity is generated by burning fossil fuels. The country plans to increase solar and hydropower to achieve its carbon emission goals while promoting EVs on the road. This is another example of Asian countries where Japanese and Western car brands have dominated the automobile sales but Chinese brands EVs are taking over the market share rapidly.
Read the article and learn about the changes happening in Uzbekistan’s auto market.
https://edition.cnn.com/2024/08/29/business/uzbekistan-electric-cars-spc/index.html
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