How much will electric and hybrid cars rise in price? - IMPORTANT STATEMENT

"This year, prices are expected to increase by approximately 20 percent. After the cancellation of incentives for hybrid and electric vehicles, new significant changes in the cost of new cars are predicted."

This was stated to BAKU.WS by the chairman of the Society of Appraisers of Azerbaijan, Vugar Oruj, in a comment to the portal.

According to him, at the end of last year, the average cost of cars had already increased by about 5 thousand manats:

"The upward trend will continue after the introduction of new legislation in 2026. The increase in prices for cars for which customs incentives are being canceled will be about 20 percent.

The market will see a trend of price increases across all sectors. Previously, excise taxes were introduced on cars older than seven years, which temporarily reduced the demand for them. However, considering the rise in prices of new cars, the cost of used ones will also not remain stable, and price increases are inevitable."

Orkhan Huseyn