The bill establishes economic incentives such as lower taxes and access to credit, to promote the use of electric transportation in the country.
- Electricity Institute photo -


































Published on Wednesday, September 1, 2021
By the A.M. Costa Rica staff


The deputies of the Infrastructure Commission pre-approved bill No.21465, which is the Ley de Incentivos al Transporte Verde (Law of Incentives for Green Transportation in English language)

The bill establishes economic incentives such as lower taxes and access to credit, to promote the use of electric transportation in the country.

Also, the bill proposes a tax exemption plan for electric vehicles, spare parts for electric motors, batteries for electric vehicles and charge stations at the Ministry of the Environment.

In the tax exemptions chapter, they included the Value Added Tax, known as IVA. If the law is approved, the tax would drop to 1%, increasing by one percentage point per year.

Regarding the Consumption and Customs Value taxes, the law would allow for 36 months to be exempt.  The bill also proposes an exemption from paying Vehicle Property Tax to electric vehicles owners.

According to deputy Paola Valladares, who voted in favor of the bill, the goal of the new law is to reduce oil consumption.

The bill will be evaluated with a second round of voting in Congress within the next few days. If it is approved a second round will become a new law, after following the established procedure in Congress.




First lady Claudia Dobles is promoting a pilot plan for the increase of the use of electric buses in the country.




As part of strategies for facilitating the use of electric vehicles, a public bank announced a new line of credit to companies that are interested in purchasing electric buses.




Recently, the Green Climate Fund, GCF, approved the proposal from the Central American Bank for Economic Integration, CABEI, of a $270 million-plus loan for Costa Rica to finance the installation of an electric passenger train.


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What should the government do to improve the use of green vehicles in the country?
We would like to know your thoughts on this story. Send your comments to news@amcostarica.com






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