According to the Automobile Industry Development Policy 2021, the GoB has taken the initiative to promote the local Automotive industry, as published in The Daily Star.
For EV users:
- EV users will get purchase incentives when they buy an EV, get Scraping invectives when they scrap an EV after use and get subvention on loans when they buy the EV by taking bank loans.
- EV users will get a waiver on road tax for a certain period.
- EV users will enjoy reduced registration fees.
- Govt will have a mega project to install charging stations nationwide to reduce range anxiety.
For companies:
- Zero duty to import capital machinery and equipment
- Duty-free access to import auto parts for four year
- Investors will get concessional loans
- A 15 percent cash incentive to export CBU or CKD cars
- 25-25% tax incident to import for CKD level manufacturer, 10% tax on sourcing local parts
- 1% tax rebate if invest 1% of the income to R&D
- 10-year tax holidays to EV assemblers or manufactures