403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Cambodia Lowers Tariffs on Electric Vehicles, Renewable Energy Products
(MENAFN) Cambodia has announced a reduction in import duties on electric vehicles (EVs), electric stoves, and solar-powered products as part of efforts to ease the impact of soaring global fuel prices linked to the Middle East conflict, according to reports.
In a statement issued Saturday and publicized on Sunday, the General Department of Customs and Excise said that import duties on passenger EVs, electric stoves, and toasters will be reduced from 35 percent to zero.
Import tariffs on passenger plug-in hybrid electric vehicles (PHEVs) will drop from 35 percent to 7 percent, while duties on EV battery chargers, electric rice cookers, and solar lamps will fall from 7 percent to zero.
The government also cut import taxes from 15 percent to zero for motors used in EVs, PHEVs, hybrid electric vehicles (HEVs), solar power systems, lithium batteries, electric stoves, and electric kettles. These revised rates are set to take effect on April 1, 2026.
The measures follow a sharp rise in fuel prices since the Middle East conflict began. As of Sunday, a liter of regular gasoline cost 5,000 riels (around $1.25), diesel 7,200 riels, and liquefied petroleum gas (LPG) 3,400 riels. Since the conflict’s outbreak, prices of gasoline, diesel, and LPG have surged by 30 percent, 87 percent, and 70 percent, respectively, according to reports.
Earlier in March, the government also reduced import duties and taxes on gasoline and diesel to help offset the burden of rising international oil prices. Cambodia relies entirely on imported petroleum and diesel, as its domestic oil reserves remain untapped.
In a statement issued Saturday and publicized on Sunday, the General Department of Customs and Excise said that import duties on passenger EVs, electric stoves, and toasters will be reduced from 35 percent to zero.
Import tariffs on passenger plug-in hybrid electric vehicles (PHEVs) will drop from 35 percent to 7 percent, while duties on EV battery chargers, electric rice cookers, and solar lamps will fall from 7 percent to zero.
The government also cut import taxes from 15 percent to zero for motors used in EVs, PHEVs, hybrid electric vehicles (HEVs), solar power systems, lithium batteries, electric stoves, and electric kettles. These revised rates are set to take effect on April 1, 2026.
The measures follow a sharp rise in fuel prices since the Middle East conflict began. As of Sunday, a liter of regular gasoline cost 5,000 riels (around $1.25), diesel 7,200 riels, and liquefied petroleum gas (LPG) 3,400 riels. Since the conflict’s outbreak, prices of gasoline, diesel, and LPG have surged by 30 percent, 87 percent, and 70 percent, respectively, according to reports.
Earlier in March, the government also reduced import duties and taxes on gasoline and diesel to help offset the burden of rising international oil prices. Cambodia relies entirely on imported petroleum and diesel, as its domestic oil reserves remain untapped.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment