In October 2025, the Ukrainian market for passenger electric vehicles reached a historic high: 13,278 cars were registered, which is 4.8% more compared to the previous month and nearly double the results of October 2024.
This is reported by Finway
Key Factors Driving Electric Vehicle Market Growth
According to experts, the dynamic growth in electric vehicle sales is driven by several factors. Among the main ones are rising prices for traditional fuel, the increasing popularity of electric transport in Ukraine, and expectations for the return of value-added tax on customs clearance of vehicles starting January 1, 2026. As of the end of October, there were 203,800 electric vehicles in the country, of which 199,600 were passenger cars.
“The return only concerns VAT (20%), while customs duties and contributions to the Pension Fund upon first registration will remain zero, and the excise tax will be preferential (€1 per 1 kWh).”
Demand for electric vehicles is expected to remain high at least until December. After the introduction of VAT, a brief decline in market activity is forecasted; however, the situation will stabilize thereafter, and the market will show growth again.
Market Structure and Advantages of Imported Electric Cars
In October 2025, 57.3% of the electric vehicle market consisted of imported used cars – this accounts for 7,596 new registrations, which is 136.4% more than the same period last year. Domestic resales made up 25.2% (3,345 cars, +35.8%), while the import of new electric cars accounted for 17.5% (2,337 cars, +139.7%).
Additionally, in October, Ukrainians purchased 7,800 new passenger cars, 71% of which were bought by private individuals. These trends indicate a growing trust among the population in electric transport and a willingness to invest in modern eco-friendly technologies.