INSUBCONTINENT EXCLUSIVE:
In 2023, Bolivia witnessed a remarkable 111% increase in the importation of electric and hybrid vehicles compared to 2022.This growth is a
1,893 such vehicles were brought into the country in 2023, showcasing a clear shift towards sustainable transportation.The Bolivian Ministry
of Economy and Public Finance (MEFP) reports that these incentives, initiated in July 2021, have significantly impacted imports.From July
2021 to December 2023, 3,388 electric and hybrid vehicles were imported
(Photo Internet reproduction)They also reduced the Specific Consumption Tax, making importing electric and hybrid vehicles financially
extended beyond tax benefits
They installed electric charging stations in major cities like La Paz, Cochabamba, Santa Cruz, and Oruro.The plan includes expanding this
network nationwide in the coming years
Financial institutions have also played a role by offering accessible loans for purchasing these vehicles.These loans cover up to 90% of the
policies are multi-faceted
They promote clean energy usage and gradually replace polluting fuels.This shift also leads to lower carbon dioxide emissions, helping to
preserve the environment.Additionally, the state benefits from reduced fossil fuel import costs, highlighting the economic advantages of
and efficient transportation.This change, driven by government incentives and financial support, reflects a growing global trend towards
environmental sustainability and energy conservation.
