Kazakhstan’s EV market surges 60% in a year, driven by duty-free imports and rising Chinese EV popularity. Almaty leads registrations with 7,309 vehicles.
Kazakhstan's electric vehicle (EV) market is experiencing significant growth, with the number of registered electric vehicles increasing by over 60% in just one year, according to the Bureau of National Statistics.
By December 1, 2024, the total number of registered electric vehicles—including cars, trucks, and buses—had reached 12,587, up from 7,680 the previous year. The largest increase came from passenger cars, which jumped from 7,383 to 12,119 units.
Almaty, the country’s largest city, is leading in electric car registrations, with 7,309 EVs, while the capital, Astana, follows with 1,510. These figures reflect a growing interest in green transportation across the country.
According to the Energyprom analytical website, this surge in EV registrations can be largely attributed to the decision by the Eurasian Economic Commission’s Council to extend the duty-free import of electric vehicles until the end of 2025. This exemption from customs duties provides a 15% savings on the vehicle’s customs value, significantly lowering the cost of importing EVs and making them more accessible to Kazakhstanis.
A notable trend in Kazakhstan’s electric vehicle market is the increasing share of Chinese-made EVs. According to the Kazakhstan Automobile Union, the market share of Chinese vehicles has risen dramatically, from 10% three years ago to 39% today.
Experts explain that the growing popularity of Chinese electric vehicles in Kazakhstan is driven by a combination of factors. The competitive pricing of these vehicles, along with government support for green mobility, technological advancements, and an expanding selection of models, make them an attractive choice for many buyers.
As public acceptance of electric vehicles increases and government policies continue to favor green transportation, experts predict that the presence of Chinese EVs in Kazakhstan will only grow in the coming months.
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Uzbekistan’s President Shavkat Mirziyoyev will pay a state visit to Mongolia on 24-25 June at the invitation of Mongolian President Ukhnaagiin Khurelsukh, aiming to strengthen bilateral relations and cooperation.
Italy has frozen Russian oligarchs' assets worth €2.3 billion ($2.6 billion) since the 2022 Ukraine invasion, as part of European Union sanctions, with additional seizures targeting Iranian-linked companies accused of aiding Moscow.
Goldman Sachs economists have warned that any significant disruption to oil shipments through the Strait of Hormuz could push Brent crude prices over $100 per barrel, potentially causing a sharp rise in transport costs, inflation, and slowing global growth.
The European Union’s Commissioner for Industrial Strategy urged European countries to establish joint reserves of rare earth materials to reduce dependence on China and protect against supply disruptions.
The Kremlin has strongly condemned the recent U.S. strikes on Iranian nuclear facilities, warning they could trigger wider instability in the region and deepen the ongoing conflict.
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