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Russian owners of Chinese electric vehicles are promised trouble with the law

  • October 23, 2023
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Analysts note a steady increase in the popularity of electric vehicles from China in the Russian market. The number of new models and their sales volume continue to

Russian owners of Chinese electric vehicles are promised trouble with the law

Analysts note a steady increase in the popularity of electric vehicles from China in the Russian market. The number of new models and their sales volume continue to break records, but buyers of “heavenly” car exotics could be in trouble.

As Izvestia reports, citing Sergei Tselikov, director of the analytical agency Autostat, 1,757 new electric vehicles were sold in September – this is more than eight times more than in the same month last year. During the nine months of this year, sales of new electric trains reached 8,752 units – an increase over the year of more than five times.

Neo Cars founder Anatoly Kurushin recalled the risks that companies may face during parallel imports. First of all, these are “grey” schemes where customs duties on imports are understated. According to Kurushin, the reduction in excise duties on electric vehicles in Kyrgyzstan is at least 40%, in Kazakhstan 40%, and in Belarus even 50%. As a result, transactions may be considered fictitious and ownership may be revoked and registration terminated, or the buyer may be forced to pay additional fees.

Another problem is the maintenance and repair of exotic electric vehicles imported through parallel imports. Spare parts for some cars appear to be rare and expensive, and in the event of a breakdown or recall, the buyer is deprived of the opportunity to repair the electric car within the warranty, experts note.

As Izvestia reports, citing Sergei Tselikov, director of the analytical agency Autostat, 1,757 new electric vehicles were sold in September – this is more than eight times more than in the same month last year. During the nine months of this year, sales of new electric trains reached 8,752 units – an increase over the year of more than five times.

Neo Cars founder Anatoly Kurushin recalled the risks that companies may face during parallel imports. First of all, these are “grey” schemes where customs duties on imports are understated. According to Kurushin, the reduction in excise duties on electric vehicles in Kyrgyzstan is at least 40%, in Kazakhstan 40%, and in Belarus even 50%. As a result, transactions may be considered fictitious and ownership may be revoked and registration terminated, or the buyer may be forced to pay additional fees.

Another problem is the maintenance and repair of exotic electric vehicles imported through parallel imports. Spare parts for some cars appear to be rare and expensive, and in the event of a breakdown or recall, the buyer is deprived of the opportunity to repair the electric car within the warranty, experts note.

Source: Avto Vzglyad

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