Armenian Center for Economic Development Initiatives comes up with initiative to upgrade the fleet of cars

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YEREVAN, November 26. /ARKA/. The Armenian Center for Economic Development Initiatives has come up with an initiative to upgrade the country’s fleet of cars. Narine Mehrabyan, the head of the Center’s public and external relations unit, told a press conference on Tuesday that the bulk of cars in Armenia are 5 years and older.

She said the cars brought to the country in 2017-2018 were mainly manufactured 10 or more years ago In her words, in 2017, some 36,000 cars were imported into the country, whose average age was 12 years.

Also, in the first half of 2019, 22,000 cars were imported from Germany with an average cost of $1,750, about 14,800 cars were imported from Japan with an average cost of $2,750, and about 10,700 cars were brought from the USA with an average cost of $3,500.

She said physically worn out cars are dangerous and the fleet needs to be upgraded, especially that the operation of old cars is dangerous for the environment.

She said their initiative proposes that if a person receives a bank loan to import a car not older than 5 years the government exempt him /her from income tax which would be paid to cover the interest on the loan. She said the initiative will be sent to the government next week.

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