In a bid to support national manufacturing and promote domestic products, the Ukrainian Ministry of Economy has decided to provide subsidies for purchasing Ukrainian buses and electric buses. Buyers of domestic passenger buses with a localization level over 40% can avail the opportunity to receive a 15% subsidy on the cost excluding VAT, including products from LLC “ElectronMash”.
The new subsidy mechanism, also known as “National cashback”, is open not only to state but also to private companies engaged in passenger transportation in Ukrainian cities. This is a significant step in the recovery and renewal of the transport fleet, especially after damage caused by military actions.
To receive the subsidy, companies need to select a supplier from the registered list on the Ministry of Economy’s website and approach an authorized bank with the respective application and necessary documents. A list of authorized banks, cooperating with the Ministry under a special memorandum, is available directly on the department’s site.