Bulgaria Witnesses Surge in New Car Sales, Outpacing European Trends
Bulgaria experienced a substantial surge in new car sales during February, marking a significant increase of nearly 60% compared to the same period last year
At least 200,000 electric vehicles will be on Bulgarian roads by 2025, according to a forecast of the Bulgarian Electric Vehicles Industrial Cluster (EVIC) presented by the Bulgarian Industrial Association.
This will account for a total of 3% of all cars in Bulgaria, the EVIC report predicts, stressing that the users of electric vehicles must get a lot of tax breaks and other incentives from the state.
Some of the proposed measures include a state grant equal to 30% of the vehicle's worth, exemption from traffic taxes, and parking fees.
What is more, the report urges the introduction of a special tax for the families having more than one vehicle running on fossil fuels.
The EVIC report has been drafted under a project funded with EU money from Operational Program "Human Resource Development"
It was presented by Zhechko Dimitrov, a program director at BIA, Iliya Levkov, chair of EVIC, and Ivan Neykov, chair of the Balkan Labor and Social Policy Institute.
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