Bangladesh Cabinet Approves Duty Waivers for Electric Buses and Trucks to Boost Green Transport

In a significant move towards fostering a greener transportation landscape, the Bangladeshi cabinet has given its approval for substantial waivers on customs duties and taxes for imported electric buses and trucks. This forward-thinking decision, spearheaded under the leadership of Prime Minister Tarique Rahman, signals a strong commitment from the government to accelerate the adoption of electric vehicles and reduce the nation's carbon footprint.

The policy targets new electric buses with a minimum seating capacity of 17 and electric trucks weighing 5 tons or more. By exempting most import taxes—including customs duty, regulatory duty, supplementary duty, advance tax, and advance income tax—while retaining a 15 percent Value Added Tax (VAT), the government aims to drastically lower the cost barrier for importers. This strategic fiscal incentive is expected to make electric commercial vehicles significantly more accessible and economically viable for businesses across Bangladesh.

This initiative is particularly noteworthy given Bangladesh's ongoing efforts to combat air pollution and transition towards sustainable energy solutions. The special tariff benefits, valid until June 30, 2026, are a clear indication of the government's intent to create a conducive market for electric mobility. As the Daily Star reports, the Internal Resources Department will soon formalize these measures, paving the way for a cleaner, more environmentally conscious transportation sector. This move is not just about adopting new technology; it's about building a healthier future for the nation.