Azerbaijan sharply raises lending for electric and hybrid passenger cars

As a result of regulatory incentives introduced by the Central Bank of Azerbaijan (CBA), lending for electric and hybrid passenger cars by banks has grown 8 times and 6.5 times in quantitative terms respectively over the last 18 months since 2022. This is reported on the CBA website. As a consequence, a share of electric and hybrid cars in the loan portfolio of banks for passenger cars since the end of 2022 was 17.8%, and at the end of June 20...

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