Global Automotive Export Resource Guide | Page 179

Every imported product (cars) from outside the European zone has to comply with the European legislation to ensure car manufacturers comply strictly with all EU safety, environmental and conformity of production requirements before authorizing it to be placed on the EU market. Every vehicle produced is then accompanied by a certificate of conformity, which is like the car's birth certificate, in which the manufacturer certifies that the vehicle corresponds to the approved type. On the basis of this document, the vehicle can be registered anywhere in Europe.

According to the Customs Code (TARIC), import duties from US range from 10% to 16% for vehicles, depending on type, cylinder capacity, polluting emissions, electric propulsion, and from 3.0% to 4.5% for parts and accessories depending on their destination (up for sale or final assembly).

Market Entry & Barriers

I 179 I

Romania

Best Prospects for U.S. Exports

Electric Vehicles Market

We see this segment to show a very fast uptake especially because the Romanian Government subsidies with € 9,800 ($ 11,200) the acquisition of the new electric cars and with € 4,300 ($ 4,900) the acquisition of the new plug-in hybrid cars (x3 2017 vs. 2016). This program continues in 2018 and 2019.

On the other side we have the hybrid cars, which already hold a very good position in the market with near 2,300 units, more than double compared with 2016. At the date of writing this report (Nov. 2018), the increase of these two categories continue in the same pace. Therefore, we can estimate for the entire 2018 year a total volume for BEV & PHEV, near 900 units and for Hybrid, over 3,000 units.

For Information about exporting to Romania contact:

Mihaela Dodoiu

U.S. Embassy Bucharest, Romania

Commercial Specialist - Auto & Smart Mobility Team

Mihaela.Dodoiu@trade.gov

+40 721 407 274