Uzbekistan launches preferential loans for electric vehicles with interest compensation

The first stage involves issuing 15,000 such loans

Uzbekistan plans to expand support measures for electric vehicles, including the issuance of subsidized loans. According to the presidential decree and the state program for 2026 (UP-22), loans will be provided at a rate of up to 16% per annum, and the difference above this rate will be compensated by the budget. The first stage involves issuing 15,000 such loans.

Infrastructure is also being developed: by the end of the year, the country should have 4,000 charging stations. Entrepreneurs will be able to receive targeted loans at 10% for installing electric charging stations and acquire land at a reduced price. Electricity costs exceeding 300 soums per kWh will also be subsidized.

The measures extend to electric vehicles in taxis: drivers will receive a 10% reduction in social tax, the first 30 minutes of parking at railway stations and airports will be free, and a badge of \"Tabiat himoyachisi\" (\"Nature Defender\") is provided for a mileage of one million kilometers without accidents. The number of taxi drivers in electric vehicles is expected to increase to 300,000 and the share of polluting vehicles to decrease by 7%. Also in 2026, it is planned to dispose of 3,000 old cars through trade-in programs and component recycling.