BAKU, Azerbaijan, August 5. The down payment for purchasing electric vehicles on credit in Azerbaijan will account for 10 percent, while for hybrid cars – 20 percent of their cost, Trend reports referring to the "Prudential standard and requirement rules regarding credit risks, including major credit risks", approved by Governor of the Central Bank of Azerbaijan (CBA) Taleh Kazimov.
The relevant innovation applies to electric vehicles launched a year before, and hybrid cars, since the release of which no more than three years have passed.
If the release period of electric vehicles exceeds three years, and in the case of hybrid vehicles – up to three years, the initial payment is set at 40 percent of their cost.
When over three years pass since the release of hybrid cars, the credit purchase would provide an initial payment in the amount of 50 percent of their value.
According to the rules, the initial payment for the credit purchase of new cars running on traditional fuel is kept at the level of 40 percent of their cost.