El Salvador's President Bukele to Drive Electric Mobility for Another Four Years
El Salvador's President Nayib Bukele will continue his term for another four years, aiming to further develop the country's electric mobility sector. The government is engaged in discussions to overcome challenges in expanding electric vehicle (EV) use, with only 15% of cars being new and the majority being refurbished imports from the US.
Currently, only 15% of vehicles in El Salvador are new, with the rest being imported from the US after refurbishment. This poses a challenge to the expansion of electric cars, as the vehicle fleet requirements hinder their introduction. Despite this, conversations about electric mobility with the government continue, led by ASOMOVES, the Salvadoran Association of Motor Vehicle Manufacturers and Importers.
Roberto Parada, ASOMOVES president, recently detailed the state of electric mobility in El Salvador. He highlighted that electric vehicles, such as the Tesla Model 3, must not be older than three years and have a new battery to be imported. Parada also mentioned that the number of hybrid cars entering the market exceeds the few Tesla cars due to importation challenges. To address this, ASOMOVES plans to discuss Value Added Tax (VAT) on sales of electric vehicles, including Tesla models, with the Legislative Assembly.
President Bukele's continued leadership will be crucial in driving electric mobility initiatives in El Salvador. While challenges persist, ongoing discussions and potential VAT exemptions for EV sales could help increase the adoption of electric and hybrid vehicles, including Tesla models, in the country.
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