Incentive to Import Electric Cars

As of January 2020, electric vehicles imported into El Salvador and Honduras will be exempt from the import duty, which was 30% in El Salvador until now.

Monday, December 9, 2019

The measure, which will be applied in both countries, was approved at the session of the Council of Ministers of Economic Integration (COMIECO), held in El Salvador on December 5 and 6.

You may be interested in "Electric Cars: Who Are the Potential Buyers?"

In the case of El Salvador, the tariff currently set is 30%, but with the change, no more will be paid from January.

Miguel Angel Corleto, Vice Minister of Economy of El Salvador, explained to that "... the measure has 'the purpose of contributing to the environment, as it is expected to reduce the consumption of petroleum products and promote the reduction of emissions of polluting gases."

Also see "How Many Vehicles Are in Central America?"

Corleto added that "... decisions on tariffs are subject to the legal instruments governing the Central American economic community. Each country has that margin to make decisions, but in agreement with COMIECO."

The measure is expected to enter into force in January 2020, after it meets a series of requirements, such as its publication in the Official Journal.

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