Guatemala City Energy Storage Vehicle Price Comparison

Hydrogen vehicles, for any use, imported, assembled, or produced in Guatemala, are exempt from import VAT and the First Registration Tax (Iprima) for up to 10 years. For local VAT, it is only for the first sale or transfer of ownership. In the first five years, the exemption is 100%, and then gradually decreases.

While Mexico is not known for promoting benefits when buying an electric vehicle, one of the most significant fiscal incentives it offers is through the Income Tax Law. Regarding electric vehicles, it includes a deduction of up to $250,000 Mexican pesos on the original investment amount.

Some Latin American governments and entities have implemented a series of fiscal and non-fiscal incentives aimed at promoting the purchase of electric vehicles, such as tax exemptions, discounts on vehicle ownership taxes, toll reductions, and unrestricted circulation.

Chile is considered one of the leading countries in electric mobility, primarily for being a pioneer in the electrification of public transportation. Under the Energy Efficiency Law, the Ministry of Energy issued a resolution modifying the durability life and accelerated depreciation of electric, hybrid, and zero-emission vehicles.

In addition, similar to other Latin American countries, electric vehicles are exempt from circulation restrictions throughout the national territory and have access to preferential public parking. This initiative stipulates that 2% of the total parking spaces should be allocated to electric vehicles.

Under the protection of Law 1964 of 2019, municipalities in Colombia can develop their own incentives, such as discounts on registration or local vehicle tax, special rates in parking lots, or tax exemptions. Electric vehicles are exempt from Value Added Tax (VAT), Excise Tax (ICE), and tariffs.