The next stage of the utilization fee indexation is taking place in October. It will not affect electric vehicles and sequential hybrids, and will affect Russian-made cars to a lesser extent. The increase in rates in Russia will not affect the pricing of Lada cars.
The change in the utilization fee will not affect Lada's pricing, as we are the most highly localized manufacturer in the country and, along with our industry colleagues, receive a comprehensive set of industry support measures.
Every year, AvtoVAZ is forced to spend up to 20 billion rubles to repay the debt inherited by the company from a foreign shareholder, Ilyinsky added. Of course, he emphasized, the company's financial results are also affected by the key rate and the inflation rate.
As a reminder, on October 1, 2024, Russia implemented the indexation of the utilization fee on cars. The government approved it until 2030. The utilization fee is paid once for each car during customs clearance or production in Russia. AvtoVAZ fully approved the plan to increase the utilization fee on imported cars.
Nevertheless, according to experts, the increase in the utilization fee will lead to an increase in the cost of both new and used cars. Car owners will face additional expenses, which may affect the decision to buy.
Read more on the topic:
Russia is changing utilization fee rates for special vehicles
Motorists explained how the utilization fee will be increased in Russia
Russia wants to introduce a utilization fee on foreign equipment and smartphones
