In October 2025, the Ukrainian market for passenger electric vehicles set a new record: 13,278 electric cars were registered. This is an increase of 4.8% compared to the previous month and nearly double the results of October 2024.
This is reported by Business • Media
Main Factors Driving Electric Vehicle Market Growth
Experts explain the growth dynamics by several key factors. Firstly, the rising fuel prices are encouraging Ukrainians to switch to more economical electric transport. Secondly, the overall popularity of electric vehicles is increasing, supported by the expectation of the return of value-added tax (VAT) during customs clearance starting January 1, 2026.
“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).”
Market Structure and Outlook for the End of the Year
By the end of October 2025, there were 203,800 electric vehicles in Ukraine, of which 199,600 were passenger cars. Experts predict that interest in electric cars will remain at least until December. With the start of 2026, after the introduction of VAT, a short-term decline in market activity is expected; however, a gradual recovery and a new wave of growth may follow.
Regarding the sales structure, in October, 57.3% of the market consisted of imported used electric vehicles (7,596 registrations, an increase of 136.4% compared to last year), domestic resales accounted for 25.2% (3,345 cars, +35.8%), while imports of new electric cars made up 17.5% (2,337 registrations, +139.7%).
Overall, in October, Ukrainians purchased 7,800 new passenger cars, with 71% of this number being purchases by private individuals.