Incentive Regulations for Electric Transportation N ° 41092-MINAE-H-MOPT

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Laws and Policies

CCLW

CCLW national policies

Law 9518 incentives and promotion for electric transport

Regulation for the exemption of the IM on sales and the selective consumption to the spare parts of electric vehicles and exoneration of the selective IMPRumer Minae-Mot-H

Law passed

This law creates the regulatory framework to regulate the promotion of electric transport in the country and strengthen public policies to encourage its use within the public sector and in the general public.  This law regulates the public administrative organization linked to electric transport, institutional competences and their stimulus, through exemptions, incentives and public policies, in compliance with the commitments acquired in international conventions ratified by the country and Article 50 of the Constitution.Decree 41092-MINAE-H-MOPT regulates incentives for electric transport.Executive decree 42489-MINAE-H regulates the exemption of the tax on sales and the selective consumption tax on spare parts for electric vehicles and exemption from the selective consumption tax and 1% on the customs value for parts and recharging centers.

Law 9518 on incentives and promotion for electric transport

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

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Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

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Area of the economy in which actors engage in identical or related activities.

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The management and allocation of funds, assets and investments to meet various objectives

Any compulsory, unrequited payment to the government levied on corporations or individuals. This can be for environmental reasons, such as introducing a Carbon tax to set a price that emitters must pay for the greenhouse gases they emit.

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Incentive Regulations for Electric Transportation N ° 41092-MINAE-H-MOPT

Policy instrument

Economic sector