NORTH MACEDONIA ELECTRIC VEHICLE MARKET

INTRODUCTION

North Macedonia is fighting severe pollution brought on primarily by vehicle emissions and coal-fired heating, and it wants to join the European Union, where stricter emissions regulations will soon go into effect. It intends to implement subsidies for the purchase of cleaner-burning or zero-emission vehicles.

In addition to offering coupons to automobile owners who choose to convert their vehicles to run on natural gas, Macedonia will also offer subsidies for the purchase of electric cars.

These actions are intended to lessen air pollution in the nation, which is mostly brought on by vehicle emissions and the burning of wood for heating, VMRO-DPMNE.

A purchaser of an electric vehicle will also receive a subsidy, pay 5% VAT instead of 18% VAT, and will not be subject to additional excise, customs, or road toll taxes, according to VMRO-DPMNE's pledge. Owners of electric vehicles will also gain access to free parking and quicker charging.

The North Macedonian parliament has passed amendments to the motor vehicle law that, among other things, envision a grant programme to assist in the purchase of new vehicles to replace older ones and the introduction of voluntary eco stickers to label vehicles according to ecological rating.

NORTH MACEDONIA ELECTRIC VEHICLE MARKET SIZE AND FORECAST

The North Macedonia Electric Vehicle Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

NEW PRODUCT LAUNCH

In Tetovo, North Macedonia, the German company Next.e.GO Mobile launched an electric vehicle manufacturing facility.

This will be the first time a whole car is made in North Macedonia, and it will also be the nation's first factory for electric vehicles. There are already multiple auto component factories in North Macedonia.

The e-Go car factory will be situated in Tetovo, a town in northwest Russia, a free industrial zone. Both domestic and international markets will be targeted by the production.

In order to attract more investors, North Macedonia just started the long-awaited EU admission negotiations and joined Nato.

The advantages of this investment are numerous, including the creation of new jobs, the export of goods with high added value, the transfer of knowledge and technologies, the mapping of the nation for foreign investors in this field, and contracts and new business for local businesses.

COMPANY PROFILE

• Next.e.GO
• Pikcell
• ODW Elektrik Macedonia
• Technological Industrial Development Zone Bunardzik
• Dura Automotive Structures DOOEL

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perNorth Macedonia Electric Vehicle Marketright now and how will it change in the next 5-6 years?
2. Average cost to set up an ElectricVehicle MarketinNorth Macedonia?
3. How manyNorth Macedonia Electric Vehicle Marketsare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aNorth Macedonia Electric Vehicle Marketand key vendor selection criteria
6. Where is theNorth Macedonia Electric Vehicle Market manufactured? What is the average margin per equipment?
7. Market share ofNorth Macedonia Electric Vehicle Marketmanufacturers and their upcoming products
8. The most important plannedNorth Macedonia Electric Vehicle Marketin next 2 years
9. Details on network of majorNorth Macedonia Electric Vehicle Marketand pricing plans
10. Cost advantage for OEMs who manufactureNorth Macedonia Electric Vehicle Marketin-house
11. 5 key predictions for next 5 years inNorth Macedonia Electric Vehicle Market
12. Average B-2-BNorth Macedonia Electric Vehicle Marketprice in all segments
13. Latest trends inNorth Macedonia Electric Vehicle Market, by every market segment
14. The market size (both volume and value) ofNorth Macedonia Electric Vehicle Marketin 2022-2030 and every year in between?
15. Global production breakup ofNorth Macedonia Electric Vehicle Market, by suppliers and their OEM relationship