In November, Russian President Vladimir Putin drew attention to the inflated prices at car dealers and demanded that they be controlled. The head of the Ministry of Industry and Trade, Denis Manturov, then replied to the head of state that work was already underway in this direction – they say that there are tools to make buying a car more affordable. He clearly meant the state’s program of preferential auto loans, extended through 2023.

True, if the authorities allocated 20.7 billion rubles in 2022 to stimulate demand, then in 2023 they will “donate” only 5.1 billion to subsidize gas engine technology. Overall so-so support. Especially given the fact that according to experts, cars will continue to rise in price. The Ministry of Industry and Commerce understands that, but they have no plans to increase the budget, although they say it is possible.

— Demand stimulation programs, including the preferential auto loan program, are a flexible mechanism that responds to changes in the automotive market. The Ministry of Industry and Trade of Russia monitors and analyzes the situation in the market, especially the demand and availability of cars. Depending on the development of the situation, it is possible to make a decision in the course of the year on additional funding for demand stimulation programs, the ministry told RIA Novosti.

In November, Russian President Vladimir Putin drew attention to the inflated prices at car dealers and demanded that they be controlled. The head of the Ministry of Industry and Trade, Denis Manturov, then replied to the head of state that it was already underway – they say that there are tools to make buying a car more affordable. He clearly meant the state’s program of preferential auto loans, extended through 2023.

True, if the authorities allocated 20.7 billion rubles in 2022 to stimulate demand, then in 2023 they will “donate” only 5.1 billion to subsidize gas engine technology. Overall so-so support. Especially given the fact that according to experts, cars will continue to rise in price. The Ministry of Industry and Commerce understands that, but they have no plans to increase the budget, although they say it is possible.

— Demand stimulation programs, including the preferential auto loan program, are a flexible mechanism that responds to changes in the automotive market. The Ministry of Industry and Trade of Russia monitors and analyzes the situation in the market, especially the demand and availability of cars. Depending on the development of the situation, it is possible to make a decision in the course of the year on additional funding for demand stimulation programs, the ministry told RIA Novosti.