Chinese EVs Lead the Way in Azerbaijan's Transition to Sustainable Transport
Chinese manufacturers dominate Azerbaijan's electric vehicle (EV) market, with a 77% share of EV imports in the first ten months of 2024. Major firms like BYD are investing significantly to establish local production and supply chains, aiming to make Azerbaijan a regional EV hub. Favorable government policies, such as tax exemptions, have boosted Chinese EV adoption over Western alternatives. While this partnership aids Azerbaijan's environmental goals and offers economic benefits, it also poses risks of market dependence on China. To mitigate these risks, Azerbaijan seeks to diversify its EV suppliers and enhance local production capabilities through technology transfers and partnerships with other global players, ensuring a balanced and sustainable EV market.