Cambodia

Cambodia

Introduces a National Policy on Development of Electric Vehicles 2024-2030

29 May 2024

On May 29, 2024, Cambodia introduced the National Policy on the Development of Electric Vehicles 2024-2030, which aims to promote the growth of the EV industry through various investment incentives. The policy includes co-financing support for EV infrastructure projects, vocational training, and technology transfer. It also introduces tax and financial incentives, such as reducing import duties on fully electric vehicles (BEVs) and offering tax benefits for businesses investing in EV-related industries like battery manufacturing and charging stations. Additionally, the policy encourages local production by implementing preferential tax rates and subsidies for domestic EV assembly and lithium battery production.

Nature of measure:
  • Promotion
  • Incentives
Type:
  • Promotion and facilitation (Investment facilitation , Investment incentives)
Industry:
  • Manufacturing (Manufacture of transport equipment)
Inward FDI:
No
Outward FDI:
No
Sources: