New Incentives cause the increase in demand of electric cars in Costa Rica
April 26, 2019

DUE TO THE FISCAL BENEFITS GRANTED LAST YEAR FOR THE IMPORT OF ELECTRIC CARS, THE NUMBER OF UNITS THAT ENTERED IN COSTA RICA GREW FROM 40 IN 2017 TO 350 IN 2018.

 

Last year the Law of Incentives and Promotion for Electric Transport came into force, which brought fiscal benefits to the importation of electric cars; benefits such as the exoneration of 50% to a 100% on taxes for sales, consumption and customs, according to the import value of each car.

 

Not all the units were brand new, according to data from the Ministry of Finance, from the 350 electric vehicles imported to Costa Rica in 2018, 33% of them were second hand.

 

Erick Orlich, president of  the Costa Rican Association of Electric Mobility (Asomove), told Nacion.com that “… due to the adoption of the Law of Incentives and Promotion for Electric Transport, on December 14th 2017, more interest grew among the consumers to know and acquire this type of vehicles”

 

Orlich also added that “… 2018 was the first whole year in which the law was in force, and it is evident that a stronger interest exists among the people to buy electric vehicles. In this country, they already exist four companies dedicated to the import of used electric cars to later sell them at cheaper prices in comparison to new cars”.

 

 

To discover more about the decarbonization efforts of Costa Rica check out our previous posts on our blog or click here.

 

Information from CentralAmericaData.com