It will be allocated 20.7 billion Rubles to support the demand for cars in 2022

To support the demand for cars in Russia in 2022, it will be allocated 20.7 billion rubles, said the Minister of Industry and Trade of Russia, Denis Manturov following a meeting with the head of state on the development of the automotive industry. "First of all, this is the resumption of car loans - 10.2 billion rubles, 4.9 billion rubles - for preferential leasing, 2.6 billion rubles - for discounts on electric transport, and 3.3 billion rubles - for gas-engine vehicles", - said the head of the Ministry of Industry and Trade. According to him, these state programs should be implemented in the near future in order to stimulate the market with precisely those products that are freely produced and can be supplied to Russian consumers.

As noted by Mr. Manturov, automakers and dealers in Russia have stocks of cars, but due to high prices there is a lack of solvent demand, which needs to be stimulated. According to the forecast of the Ministry of Industry and Trade of the Russian Federation, sales of passenger cars in Russia by the end of 2022 may be about 750 thousand units, which is 55% lower than the previous year. For five months of 2022, the Russian car market fell by 52% to 318,114 units, according to the data of the Association of European Businesses.