“The share of cars produced in the Russian Federation in the structure of meeting demand will grow from 40% in 2022 to 83% in 2035,” TASS said in a statement.

Earlier, the head of the Russian Ministry of Industry and Trade, Denis Manturov, announced the approval of a long-term strategy for the development of the domestic auto industry until 2035.

On November 23, the Moskvich Automobile Plant announced plans to produce 120,000 vehicles in 2025, 25,000 of which will be electric vehicles.