Companies importing EVs are permitted to bring in a maximum of 500 cars from two different brands, according to City News.
It also was reported that 10% of imported EVs must be designated for use as taxis.
The following documents are required for EV importation:
- Sales contract
- Purchase order submitted to the distributor or dealer of the brand for importation
- Licensing approvals from the EV Regulatory Committee
- Letter of recommendation from the embassy of the exporting country
- Certificate of authorized distributorship or dealership obtained from the regional office or company headquarters of the exporter
The completion of the required documentation and processing for importation is expected to take a minimum of three months. However, failure to implement the business within six months may result in the revocation of the license.
Companies with a license can import brand-new, left-hand drive EVs, and models that were manufactured within the past year.
The Ministry of Commerce also announced that licensed companies are permitted to carry out EV sales and services but are restricted from reselling the import license or transferring ownership.
The National Steering Committee for the Development of EVs and Related Industries earlier this month announced that 85 companies currently hold licenses to carry out EV-related business.
On 1 February, the EV committee imposed a new requirement for EV importers to have a showroom.
Showrooms and warehouses must be 14,000 sq ft and 5,000 sq ft respectively.
In August, the EV committee announced that distributors are prohibited from selling electric vehicles through a pre-order system.
Distributors and showrooms will have their license revoked if they are found to be selling on a pre-order basis.
Additionally, the committee has imposed a restriction on profits, stating that they should exceed 20% of the cost, insurance, and freight value.
