Myanmar EV registrations triple, but brands face 'parallel import' risks

Gray-market sales flourish without official imports or support by Toyota and others

20250129N Myanmar Toyota EV

Sightings of the Toyota bZ4X are on the rise in Yangon. (Photo obtained by Nikkei)

Nikkei staff writers

BANGKOK/YANGON -- Electric vehicle registrations are rising rapidly in Myanmar due partly to "parallel imports" brought in by unauthorized dealers, but a lack of repair and maintenance support could put the reputation of major brands at risk.

The country's growing EV market is readily apparent in the commercial capital of Yangon. In addition to Chinese-made EVs, one can see Toyota Motor's bZ4X -- even though the Japanese automaker does not import the model, which is built through a joint venture in China.

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