During the 2023 to 2025 period, the Ministry of Industry and Trade plans substantial financial support to boost demand for domestically manufactured vehicles. The ministry’s leadership underscored that these measures are designed to strengthen the local auto industry and expand consumer access to registered cars through favorable credit options and leasing arrangements.
In 2023, the government earmarked 9.8 billion rubles to fund preferential car loans and leasing programs. This level of funding is intended to stimulate the purchase of a significant number of vehicles by easing borrowing conditions for buyers and making financing more accessible. In 2024, the budget for these initiatives is projected to rise to about 17 billion rubles, reflecting a near doubling of support as market demand and production capacity grow. By 2025, policy makers expect allocations to climb further, reaching approximately 19 billion rubles to sustain momentum in the domestic market.
Officials indicate that these expenditures are already reflected in the budget forecasts for the coming years, signaling a deliberate, long term approach to supporting car sales and production within the country. The objective, as stated by senior ministry representatives, is to materially increase vehicle sales and expand access to affordable financing for a broader segment of consumers.
Looking back, in 2022 the government directed roughly 20.7 billion rubles toward soft loan programs and leasing schemes. That level of funding supported the purchase of about 75 thousand vehicles, illustrating the impact of targeted subsidies on consumer uptake. While plans for state program funding may experience initial reductions, policy makers expect a return to higher levels that align with ongoing economic goals and the wider strategy to bolster domestic manufacturing. This evidence shows a concerted effort to balance short term liquidity with longer term market strengthening, ensuring automakers can scale production while households gain access to favorable financing options. Source: Ministry of Industry and Trade