Hyperdrive
Russia’s Electric Car Strategy to Cost $8 Billion Through 2030
- Russia aims to have at least 25,000 EVs by 2024: strategy
- Government will offer buyers incentives to boost EV demand
An electric automobile charges at a vehicle charging point in Moscow.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Sign up for our Hyperdrive newsletter that explores the future of transportation.
Russia, one of the world’s biggest oil and gas producers, has a plan to bring more electric vehicles to its roads over the next three years and to build a market for battery-powered cars.