Polish electric car getting closer

On Wednesday, PGE Polska Grupa Energetyczna, Energa, Enea and Tauron Polska Energia formed ElectroMobility Poland – the companies announced. The new company is to work on Polish electric car, among other things.

The new entity is to contribute to the creation of a system of electromobility in Poland.

Electromobility is one of the areas that will have impact on the electricity market. The degree in which the energy sector is prepared for popularising electric cars will decide on whether electromobility will be a chance for innovation growth in the energy industry and an impulse for its development. This is why energy groups decided to undertake a joint endeavour in this area” – the companies explained.

The new entity will have at their disposal share capital in the amount of 10 million PLN. Each of the companies forming ElectroMobility Poland will subscribe to 25% of share capital, in this way obtaining 25% of votes at general shareholders’ meeting.

In June 2016, a letter of intent regarding establishment of Electromobility Centre was signed. Besides University of Technology, the signatories were National Centre for Nuclear Research and four energy companies: Energa, Enea, Tauron, PGE.

The electromobility development project, initiated by the Ministry of Energy, is to contribute to strengthening Poland’s economic growth. – We need to find our own ways towards gaining competitive advantage and solutions that may bring in proper economic effect. – Krzysztof Tchórzewski, the head of the Ministry of Energy, beliefs. – Electromobility is innovative and economically competitive solution. Realisation of our plan is in line with the government’s Plan for Responsible Development – he said.

The project assumes there will be one million electric cars on Polish roads by 2025, it also considers the issue of electrifying public transport as one of the endeavours that are of key importance to the growth of innovativeness of Polish economy.

Investment Outlook and Business Perspective

Poland remains one of the most attractive investment destinations in the European Union. With GDP exceeding EUR 650 billion, Poland is the sixth largest economy in the EU and the largest in Central and Eastern Europe. The country has maintained positive economic growth for over three decades, including through multiple global crises.

Foreign direct investment in Poland continues to grow, driven by the country’s strategic location, skilled workforce, EU membership, competitive costs, and improving infrastructure. Key sectors attracting investment include manufacturing, technology, business services, logistics, and financial services.

For investors considering entry into the Polish market, proper structuring of the investment vehicle is crucial. The choice between a sp. z o.o. (LLC), S.A. (joint-stock company), branch office, or joint venture depends on the investment size, sector, tax considerations, and long-term strategic objectives. Professional advisory can help optimize the structure from both operational and tax perspectives.

If you are doing business in Poland or considering entering the Polish market, Zalewski Consulting can help. Learn more about our VAT and tax advisory, or contact us for a free consultation.