Myanmar designates 83 companies to propel electric vehicle initiatives

Myanmar designates 83 companies to propel electric vehicle initiatives
Published 8 February 2024
EMG

A committee on the development of importation, installation and investment of electric vehicles and associated businesses at the national level issued a report that 83 companies have been tasked to carry out electric vehicle (EV) and related businesses, and import licenses will be issued to companies that meet the criteria.

Among the companies permitted are two companies for charging stations and two companies which will operate E bus. Yangon aerodome company and pioneer aerodome company will operate charging stations for EVs and Mandalarmin express company and Yazamin industry company will operate E buses.

For the EV importers, brand show must open for EVs since February 1, 2024, and import licence will issue to the companies which meet the set standard. Other companies are amazing auto, Aung Kabar motor company, Auto top power, Myanmar Brilliance Company, Yaungni Oo company, Super Seven Star company, Dongfeng motor company and Htet Waiyan Hein company.

The committee held coordination meetings with EV importing companies in April and June and has already notified them that they are not to make more than 20 per cent profit on CIF price, not to advertise online and not to make pre-orders without vehicles arriving at the Port. If the companies violated those policies, they will get their export/import licence revoked and face legal actions under the Consumer Protection Law, the committee warned.

The Department of Consumer Affairs has announced that if people are not satisfied with the purchase and use of EVs and chargers, they can file a complaint.

The Department of Consumer Affairs, in accordance with the objectives of the Consumer Protection Law, ensures full consumer rights for consumers, safety, satisfaction, full insurance coverage and compensation for damages.