Russia plans to increase its electric vehicle (EV) output to make up at least 10pc of total vehicles produced in the country by 2030.

 

The country has adopted a plan, according to media reports, to boost the number of EVs produced in Russia over the next three years. Making the announcement, Russia’s Prime Minister Mikhail Mishustin said that the strategy was in line with the global thrust on EVs and Russia would play an active role in developing this industry.

 

The plan includes an investment of around RUB591bn ($8bn) to increase EV production to 25,000 vehicles and over 9,000 charging stations, per reports. At present, EVs make up less than 0.2pc of vehicles on Russian roads.

 

($1=RUB74.08)

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