On July 2nd, the Russian government announced plans to significantly increase support for investors in the electric vehicle (EV) charging infrastructure sector. Prime Minister Mikhail Mishustin signed a new resolution, which enhances the subsidies available for connecting charging stations to the power grid.
The resolution states, “The subsidy amount for connecting charging piles to the power grid has been increased to cover up to 60% of the designated project implementation phase costs (previously 30%), with a maximum limit of 900,000 rubles. Since the grid connection phase incurs the highest costs in such projects, this measure will further incentivize investment in this field.”
National Roadmap for EV Development
The National Roadmap for Electric Vehicle Production and Usage outlines specific targets for charging infrastructure development. By 2030, it is projected that electric vehicle production will account for approximately 10% of total vehicle production, with 72,000 charging stations established nationwide.
Implementation Plan
The development plan is divided into two phases:
- Phase One (2021-2024)
- Establish at least 9,400 charging stations, with at least 2,900 being fast-charging stations.
- Achieve an annual production level of at least 25,000 electric vehicles.
- Phase Two (2025-2030)
- Operate at least 72,000 charging stations, with at least 28,000 being fast-charging stations.
Pilot projects for charging infrastructure were launched in 2022, with 65 regions across the country already participating.
Future Outlook
This increased investment and strategic planning indicate Russia’s commitment to supporting the transition to electric vehicles. By enhancing subsidies and outlining clear targets, the government aims to build a robust EV charging infrastructure, making electric vehicles a more viable and attractive option for consumers and investors alike.
