Uganda Imposes 25% Import Duties on Electric and Hybrid Vehicles Amid Surge in Imports 🇺🇬
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Uganda's decision to hike import duties on electric and hybrid vehicles by 25% reflects a shift towards local production and sustainability goals, impacting prices and investor sentiments.
Uganda has increased import duties on electric vehicles by 25%, responding to a surge in imports from 26 units to 420 units within a year. The move aims to promote local production and reduce reliance on imported eco-friendly vehicles, but has drawn criticism from car dealers concerned about increased costs and unpredictable tax policies. Despite challenges, Uganda plans to boost domestic production through initiatives like exempting manufacturers meeting local employment and raw material criteria from certain taxes, while targeting electric bus exports to regional markets.
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