The Ministry of Commerce released a directive stating the rules for the importation of battery electric vehicles (BEVs) and showrooms.
During the pilot project, the importing companies of EVs must register with the Directorate of Investment and Company Administration. They have to submit the sales contract with each EV manufacturer.
The importers must abide by the standards and import quota set by the national-level steering committee on the development of electric vehicles and related business.
The companies also need to pay K50 million at the designated banks and present the bank guarantee. Those showroom operators must present a certificate of non-tax delinquency provided by the Internal Revenues Department and need to add K100 million to a special account of the authorized banks as a guarantee.
