Join each day information updates from CleanTechnica on e mail. Or observe us on Google Information!
I’m not an professional in financial improvement for creating international locations, and I don’t have a level in import/export taxes in such locations. Nonetheless, one factor is pretty well-known the world over: if you’re not a giant oil-producing nation, you might be sending a number of your cash to different international locations. Nationwide prices of importing oil are immense.
A latest article by Remeredzai Joseph Kuhudzai made some extra fascinating factors within the case of Malawi. “Electricity tariffs are quite low, at less than 7 USD cents/kWh, and switching to electric can help the country save on scarce foreign currency. Malawi spends about $500 million every year on petrol and diesel imports, and for a country facing severe foreign currency shortages, reducing this import bill will be critical,” he writes. “Malawi currently has excess solar generation during the day which could be diverted to charge some electric cars whilst people work in their offices or have their cars parked whilst they go about their general business,” he provides.
Apart from the price of importing oil and diesel/fuel, international foreign money shortages are noteworthy, as international foreign money is required on this market. In fact, photo voltaic vitality comes with $0 gasoline price and is generated domestically.
As well as, creating nations typically obtained previous, used vehicles from developed nations, and people automotive pollute far more, inflicting better hurt to human well being, and all of the related prices that include that.
General, it simply appears extraordinarily sensible for creating nations to transition to electrical automobiles as rapidly as doable. As such, governments of those international locations ought to discover methods to stimulate extra EV gross sales. However not solely that, they should stimulate extra EV imports. As Malawi is exhibiting, a key manner to try this is to drop import duties on electrical vehicles. Comply with Malawi’s lead — do the identical! Considered one of our readers additionally famous the potential to chop gross sales taxes, one thing that has labored extraordinarily nicely in Norway and another international locations. Right here’s the remark from “Steve_S” on this and different issues:
They really struck the Proper Option to make EV’s a major mode of transportation and all with out having to cough up a great deal of subsidies & incentives. DROP Import Duties & Gross sales Taxes !
They’re lucky in a way with the Lack of Historical Spine electrical grid. They will deploy far cheaper Renewables and construct out a modular/mobile topology “power network”.
Energy Grid = nineteenth /twentieth century nonsense.
Energy Community = twenty first Century & ahead Vitality Programs.PS: Stellantis is sending EV CARS to Malawi however NOT NORTH AMERICA !
Ohhh HOW TELLING THAT IS ! ROFLMAO
Certainly. One different reader, “super390,” added extra nuance to the matter, although:
Effectively, it’s simpler to drop import duties and gross sales taxes in case your nation had very excessive ones to start with. GATT and WTO put a number of strain on main economies to get rid of duties and taxes for all the things, whereas smaller economies with persistent steadiness of commerce issues in all probability have been extra immune to that strain. Now everybody is popping in opposition to commerce and seeking to put the obstacles up once more. EVs can simply get swept up in populist posturing regardless of the logic of eliminating oil imports as a substitute.
Nobody resolution will match everybody, however lowering or chopping import duties and gross sales taxes on EVs appear to be a number of the greatest methods to chop oil dependancy and profit in the long run from vitality independence.
