The Ukrainian government has rejected the proposal to extend benefits for the import of electric vehicles, previously considered by members of parliament in the draft state budget for 2026. This decision may affect the electric vehicle market and army funding.
The Cabinet of Ministers decided not to extend the benefits for electric vehicle imports, which were set to expire on January 1, 2026. This happened despite 248 deputies supporting the amendment during the first reading of the draft law in the Verkhovna Rada. This information was disclosed by MP Yaroslav Zheleznyak on November 6. He indicated that the chance of the decision being changed is minimal, and the benefits are unlikely to be extended.
Danylo Hetmantsev, head of the finance committee, stated that extending the benefits could deprive the army of 30 billion hryvnias, which is a significant amount given the current situation. Despite the growing popularity of electric vehicles in Ukraine, where they accounted for a third of new passenger car sales in September, the Cabinet of Ministers decided to adhere to a more cautious financial policy.
Globally, electric and hybrid vehicle sales in September reached a record 2.1 million units, which is 26% more than the same period last year. This indicates a steady trend towards the growing popularity of eco-friendly transport.
| Category | Sales (million units) | Change compared to 2022 |
|---|---|---|
| Electric vehicles | 2.1 | +26% |
| Vehicles with traditional engines | 47% | – |
