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.
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.
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.
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