Old Vihicles Exchange Program : Scrapping of old vehicles and importation of EVs

The Ministry of Commerce has issued a notification on May 28 regarding the scrapping of old vehicles and the importation of replacement electric vehicles (EVs).

The announcement stated that vehicles which have been in use for many years consume more fuel, waste public funds, increase the risk of traffic accidents, and contribute to environmental pollution due to excessive exhaust emissions. To address these issues, the government will allow the replacement of such vehicles with EVs according to the value of the submitted vehicle.

This applies to the vehicles that are more than 20 years old from the year of manufacture, vehicles that can no longer be repaired to ensure safe driving and the vehicles that are less than 20 years old but whose owners voluntarily wish to submit them. If the owner submits Vehicle Deregistration Certificate Form (d) issued by the Road Transport Administration Department, one suitable EV may be approved for replacement import based on the type of vehicle submitted. The approval will be reviewed by the National-Level Leading Committee for the Development of Electric Vehicles and Related Industries.

In addition, the required foreign currency for the import will be sold by the Central Bank of Myanmar at an appropriate exchange rate.