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Chile was the first Latin American country to adopt the Euro-5 emission standard and is continuing its "green" leadership. The Environment Ministry is working toward the implementation of the new Euro 6 standard for both diesel and gasoline vehicles entering the country. By 2022, the country should be regulated by the Euro 6B standard for light and medium-sized vehicles and by 2024, Euro 6C.

Chile also has its Green Tax law and fuel economy label scheme. Regarding the former, the ministry is drafting a proposal which updates the law, applying it to light and medium vehicles.

Due to the advanced technological developments, a small fraction of the car brands in the country could face complications. However, most brands will be able to comply to the law, according to automotive trade chamber (Cavem) president Carlos Dumay.

Meanwhile, energy & transportation ministry, the telecommunications ministry, and the environment ministry have come together to develop the country's National Electromobility Strategy. This initiative aims to ensure that 40% of private vehicles and 100% of public transportation vehicles are electric by 2050. It also seeks to reduce energy demand by 20%, as well as mitigate greenhouse gases.

Electric Vehicles

Sales of zero and low-emission light and medium-sized vehicles in Chile jumped by 231% in 2021 year-over-year, according to Chile's national automotive chamber, reaching a record level of 85 units in December alone.

With a plan to end ICE (internal combustion engine) vehicle sales by 2035, Chile is working toward tax breaks on the annual vehicle usage tax on EVs. The tax would be eliminated for the first two years, followed by a 75% discount (years 3-4), 50% discount (years 5-6), and 25% (years 7-8).

This tax is usually 65% lower for ICE vehicles due to the high price point of EVs.

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Source link : https://www.globalfleet.com/en/wikifleet/chile Author : Publish date : 2023-07-15 03:00:00 Copyright for syndicated content belongs to the linked Source .

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Chile | Global Fleet

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