Argentina to scrap import tariffs on EVs and hybrids to drive green transport

Automotive and Transportation Automotive and Transportation

Tue, January 28, 2025

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Argentina to scrap import tariffs on EVs and hybrids to drive green transport

^{Published on 2025-01-28 13:01:38 - MSN}

Argentina's Minister of Economy, Luis Caputo, announced on Tuesday that the country will remove import taxes on certain types of electric and hybrid vehicles beginning next week, marking a significant step toward sustainability and economic reform.

Argentina has announced the elimination of import tariffs on electric and hybrid vehicles as part of a strategy to promote green transportation and reduce carbon emissions. This decision, effective immediately, aims to make electric vehicles (EVs) and hybrids more affordable and accessible, thereby encouraging their adoption among consumers. The move is part of a broader environmental policy to transition towards sustainable energy sources and reduce the country's dependency on fossil fuels. By removing these tariffs, Argentina hopes to not only lower the cost barrier for consumers but also stimulate the local market for electric and hybrid cars, potentially attracting more manufacturers and investments into the region. This policy reflects a global trend where countries are using fiscal incentives to accelerate the shift to cleaner transportation options.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/argentina-to-scrap-import-tariffs-on-evs-and-hybrids-to-drive-green-transport/ar-AA1y0Ajc ]

Contributing Sources

MSN

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Argentina to scrap import tariffs on EVs and hybrids to drive green transport