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Cambodia cuts import duties on EVs, electric stoves, solar-powered devices

In the latest statement, the General Department of Customs and Excise said the Government has decided to cut import duties from 35% to zero% on passenger EV cars, electric stoves and toasters.

Hanoi (VNA) – Cambodia has decided to reduce import duties on electric vehicles (EVs), electric stoves and solar-powered devices in an effort to mitigate the impact of rising global fuel prices caused by the Middle East conflict.

In a statement on March 29, the General Department of Customs and Excise said the Government has decided to cut import duties from 35% to zero% on passenger EV cars, electric stoves and toasters.

The Government decided to lower import duties from 35% to 7% on passenger plug-in hybrid electric vehicles (PHEVs), the statement added.

It cut import duties from 7% to zero % on the chargers of EV batteries, electric rice cookers and solar lamps, the statement said.

The new tariff rates will take effect from April 1, the statement said.

The latest measures came after fuel prices have skyrocketed since the onset of the Middle East conflict./.

VNA
#Cambodia #Middle East conflict #EVs #electric stoves #solar-powered devices #global fuel prices Cambodia
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