Bill Approved That Exempts Electric Vehicles Of All Taxes
28 November 2017 Rico
La Nacion reports several electric cars Nissan, Mitsubishi, Hyundai, BMW and
Tesla went up to the Irazú Volcano (elevation 3.432 meters / 11,260 feet),
last Friday, to disprove the myth that these vehicles are not good on
slopes. Photo: Rafael Pacheco
Have you thought about buying an electric car? Bill approved that exempts or
reduces sales tax on 100% electric vehicles
Buying an electric car just got cheaper with the approval on Monday of the
bill that exempts electric vehicles from sales taxes and import duties.
The bill, that was stalled in the legislative process for the past two
years, got final approval with 38 votes in favor and 2 against, from Frente
Amplio legislators Jorge Arguedas and José Ramírez.
The main objective of the initiative is an increase in the import of a
greater variety of electric and reducing the dependency on imported oil.
The bill, once it goes into force, exempts from all taxes fully electric
vehicles costing less than US$30,000 (¢17.4 million colones).
Vehicles costing between US$30,001 and US$45,000 will pay only half of the
sales tax and 75% of the selective consumption tax.
In as much, vehicles valued at between US$45,001 and US$60,000 will pay the
sales tax and only one half of the selective consumption tax.
Vehicles valued US$60,001 and more will pay full taxes.
Currently, fully electric vehicles pay the sales tax and ‘selective
consumption tax” of 17.4%. Thus, the tax on a US$30,000 vehicle is US$5,220.
Fully electric vehicles will continue to be exempt from any import (customs)
To meet the possible demand for electric vehicles, the bill establishes that
the Ministry of the Environment and Energy (MINAE) must ensure that recharge
centers, known as “electrolineras”, are built every 80 kilometers on
national roads and every 120 kilometers on cantonal roads.
The bill also places obligations on the Ministerio de Obras Públicas y
Transporte (MOPT) to support the initiative and the National Apprenticeship
Institute (INA) – National Apprenticeship Institute – to train the future
mechanics on electric vehicles.
Apart from the sales tax exemptions, the bill also provides tax incentives
to companies who, little by little, replace their gasoline vehicles with
electric; authorizes public institutions to replace their vehicle fleet with
“100% electric” vehicles; and, declares “of public interest” the promotion
of electric transport, both public and private, with provisions to replace
the bus fleet in the country to electric.
One of the main drivers of the initiative, legislator Marcela Guerrero, of
the Partido Accion Cuidadana (PAC), said that it is a pioneering law in
Central America and added that it will help to achieve the decarbonization
of the economy with clean energies. “We must implement aggressive energy
transition measures, and this project is part of that decarbonization
agenda,” said the legislator.
“We are proposing a State policy on electric transport with a comprehensive
law, which includes economic incentives and non-economic incentives, and
that also structures the network of recharging centers,” added Franklin
Corella, the other proponent of the initiative.
For the legislators opposing the approval of the bill, the bill applies to
vehicle purchases that can only be accessed by “the rich” and that is
important to define a solid energy policy for the country and not in “small
steps” such as the result of this bill.
Costa Rica Bill On Table Provides Financial Incentives To Those ...
December 1st, 2017 A bill is now on the table in Costa Rica (and was slated
for final debate on November 30) that would see various financial incentives
put into place to spur plug-in electric vehicle adoption in the country — as
part of a broader push to get the country's transport sector emissions under
control, and thus meet its climate goals ...
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