Fergana region intends to launch the production of electric scooters, as president Shavkat Mirziyoyev on March 2 inked a decree providing subsidies and benefits to entities engaged in electrical industry.

According to plans, new facilities will be located on the territory of the free economic zone Kokand.

In particular, Bicycle Trading Invest is set to invest $1.5mn to produce up to 4,500 electric scooters annually.

Another company, Velomax has announced its readiness to channel $4mn towards the production of 20,000 vehicles.

Technoworld is investing over $2.2mn and the annual production capacity is set to comprise 2,000 scooters.

In general, some $8.5mn are to be spent in this direction, with most of the plants to be launched by the end of this year.

https://uzreport.news/economy/fergana-region-to-channel-85bn-towards-electric-scooter-production