Law 1968 of 2019

In the search for a cleaner and more sustainable future, Colombia has taken significant steps to promote sustainable mobility. Through economic and regulatory incentives, the government is encouraging the use of electric and hybrid vehicles, helping citizens and companies adopt more environmentally friendly technologies. These incentives not only contribute to the protection of the planet, but also generate economic benefits for users.

Incentives for sustainable mobility in Colombia

Colombia has implemented a series of benefits that make the acquisition and use of sustainable vehicles more accessible. Below, we explore the key incentives:

1. VAT exclusion

Electric vehicles are exempt from Value Added Tax (VAT), which is normally 19% in Colombia. This represents a significant saving when purchasing an electric or plug-in hybrid car. This incentive seeks to reduce the initial economic barrier that often makes access to these technologies difficult.

2. Vehicle tax reduction

Another notable benefit is the reduction in vehicle tax, which in the case of electric vehicles can be up to 1% of the commercial value of the vehicle, much lower than the rates applied to traditional vehicles. This tax relief not only encourages purchasing, but also reduces recurring costs for owners.

3. SOAT discounts

Mandatory Traffic Accident Insurance (SOAT) has preferential rates for electric and hybrid vehicles. This means that the owners of these vehicles are not only helping to reduce carbon emissions, but they are also seeing this commitment reflected in a lower insurance cost.

4. Preferential rates for technical-mechanical inspection

For owners of sustainable vehicles, the technical-mechanical review also comes with benefits. Preferential rates allow savings in this mandatory procedure, encouraging the maintenance of vehicles that contribute to cleaner mobility.

Positive impact of incentives

The incentives offered by the Colombian government not only seek to improve air quality and reduce carbon emissions, but also encourage the growth of the electric and hybrid vehicle market in the country. These benefits are aligned with Colombia's international commitments against climate change, such as the Sustainable Development Goals (SDG) and the Paris Agreement.
In addition, these measures promote greater citizen awareness about the need to adopt more sustainable habits. By reducing economic barriers, more people are considering the transition to environmentally friendly mobility alternatives.

The future of sustainable mobility in Colombia

With these incentives, Colombia is laying the foundations for a revolution in sustainable mobility. However, the success of these measures will depend on strengthening the charging infrastructure for electric vehicles, education about the advantages of these technologies and the implementation of long-term policies that consolidate this transition.
The commitment to sustainable mobility not only represents a benefit for the environment, but also opens economic and social opportunities. By leading this change, Colombia is positioned as an example in the region, demonstrating that it is possible to move towards a cleaner, more equitable and prosperous future.
If you are thinking about making the leap to electric mobility, this is the perfect time! Take advantage of the benefits and contribute to caring for the environment while enjoying significant savings.