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Incentives for electric vehicle users

Home affairs minister Walter Roban (File photograph)

The Department of Energy would like to remind members of the public that, since October 1 2018, parts for electric vehicle charging stations and accessories are duty free.

“The incentive behind this move was to reduce the total cost of items needed for the usage and upkeep of electric vehicles and therefore to encourage people to invest in greener technology,” said the Minister of Home Affairs the Hon. Walter Roban JP MP. “I am pleased to report that people are already taking advantage of these duty free allowances.”

Electric vehicles themselves have been duty free since 2011/12, while electric vehicle batteries have been duty free since 2017.

When importing an item into Bermuda, customers should ensure that they apply the relevant tariff code to the item when making a customs declaration.

Below is a summary of energy-related Bermuda Customs tariffs for 2018 and their associated tariff codes.

1. Motor Vehicles (electric vehicles) – with only electric motor for propulsion

Duty Rate 0%

Tariff Code 8702.400

2. Goods for Electric Vehicles

a. Electric batteries (accumulators)

b. Electric Vehicle Charging Stations, parts and accessories

Duty Rate 0%

CPC4227

3. Motor Vehicles (hybrids) – with both compression-ignition internal combustion piston engine and electric motors as motors for propulsion. With both spark-ignition internal combustion reciprocating piston engine and electric motors as motors for propulsion.

Duty Rate 35%

Tariff Code 8702.200/300

4. Motorcycles (including mopeds) and cycles fitted with an auxiliary motor, with or without side-cars – with electric motor for propulsion

Duty Rate 0%

Tariff Code 8711.600

5. Motor Vehicles for the Transport of Goods (vans/trucks) – with only electric motor for propulsion

Duty Rate 0%

Tariff Code 8704.901

6. Electric Motors for Boats – electric propulsion motors

Duty Rate 0%

CPC 4206

7. Goods for Renewable Energy Systems - “renewable energy system” means any apparatus principally designed to transform ocean wave, solar or wind energy into usable electrical, kinetic, light, mechanical or thermal energy.

Duty Rate 0%

CPC4226

8. Electricity Meters – smart electricity meters with net metering capability

Duty Rate 0%

Tariff Code 9028.30

9. Electric Generating Equipment

a. Electric generating and waste heat recovery equipment and parts; and

b. Air quality monitoring instruments and associated equipment

c. Utility scale battery energy storage systems and parts.

Duty Rate 0%

CPC 4130

10. Goods for demand side management systems - to be installed for business purposes, with the objective of increasing energy efficiency by lowering energy demand or energy use or both.

Duty Rate 0%

CPC 4209

Press release from the Department of Energy