This year, according to the latest Bloomberg NEF Energy Transition Investment Tendency report, electric vehicle (EV) manufacturing will emerge as the leader in renewable energy capital investment. Global spending on EV and charging infrastructure is already up 77% in 2021, to $273 billion.
China has regained its lead in EV investment after falling behind Europe in 2020, but what about Kazakhstan?
According to Berdibay Baltabayev, chief expert of QazIndustry's Industry Development Directorate, the current state support measures aimed at reducing exhaust gas emissions into the environment should also be considered the main drivers of electric vehicle production growth. These measures are strategically important for Kazakhstan, which is striving to develop modern production of technologically sophisticated vehicles.
In turn, the integration of such sustainable technologies is an excellent image project and an opportunity to attract foreign investment.
In accordance with the Road Map for the production development and creation of the necessary system of electric charging stations for the development of this segment of the automotive industry, up to 2,000 electric cars are planned to be produced in Kazakhstan this year.
For comparison, according to the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan , 577 electric cars were registered in the country as of January 1, 2021.
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