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Azerbaijan drafts financing proposals for dev’t of electric vehicles sector


BAKU, Azerbaijan, February 28. Azerbaijan is
preparing proposals for financing the development of its electric
vehicle sector, said Rauf Gurbanov, Director of the Economic
Department of the Ministry of Energy, Trend reports.

Addressing a meeting of the sub-group on promoting eco-friendly
and safe vehicles and improving infrastructure, which is part of
the Physical Infrastructure working group under the Business
Environment and International Ranking Commission led by the
Ministry of Digital Development and Transport, Gurbanov noted that
a proposal for financing and improving infrastructure related to
electric and hybrid vehicles will be submitted to the government in
the first half of 2025

“Extensive discussions are underway within the working groups
and sub-groups on this issue. Imports of electric and hybrid
vehicles are growing rapidly and to support this process, one of
the main priorities is to strengthen infrastructure, especially the
energy system operated by Azerishig.




The total number of passenger cars in Azerbaijan is currently
around 1.6 million. As of January 2025, the number of electric cars
is about 6,000 and the number of hybrid cars is about 69,000,”
Gurbanov added.

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