Thursday 24 June 2021

Costa Rica to become Latin American electric-car pioneer?

Costa Rican government aims to operate 37,000 plug-in electric vehicles in the country by 2022.

Costa Rica isn’t what you’d call a bastion of automotive sales. The country, wedged between Nicaragua and Panama, is home to 4.8 million people who buy just 154,000 vehicles annually—less than 1 percent of the sales in the United States.

BYD Qin plug-in hybrid in showroom in San Jose, Costa Rica

But that won’t deter the Costa Rican government from greening its fleet. It now aims to operate 37,000 plug-in electric vehicles in the country by 2022.

- Advertisement -

In the words of a Navigant Research blog post earlier this month, “Until now, plug-in EVs (PEVs) have been about as popular as snowshoes in Latin America due to the higher cost of the vehicles and lack of governmental focus on reducing transportation carbon emissions.”

Comedy aside, Costa Rica is one of the few Latin American countries putting more emphasis on greener, renewable transportation.

To promote plug-in vehicles in Costa Rica, tax exemptions on sales, consumption, and customs imports will reduce the effective cost of purchasing an electric car by roughly 24 percent.

Still, electric cars have some economic factors working against broader adoption.

- Advertisement -

As well as low overall sales, Costa Ricans made an average annual salary of just over $10,000 in 2015—while “most plug-in electric vehicles cost north of $40,000 … out of realistic reach for most consumers,” explained Navigant.

Still, Costa Rica thinks incentivizing the sale of EVs in the country is important for several reasons.

First, the country’s electricity utility, Grupo ICE, generates three-quarters of its power from renewable sources, so replacing fossil-fueled vehicles with electric cars lets Costa Rica clear its air and cut overall carbon emissions from vehicles.

Second, Costa Rica generates a significant percentage of its GDP from eco-tourism. Electric vehicles on the road would further promote the country’s ecominded image.

Still, no automobiles are assembled in Costa Rica itself, so hitting the planned 2022 goal will depend on importers and their willingness to bring electric vehicles intro the country.

Article by Mark Stevenson was originally published at Click here.

- Advertisement -

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q Costa Rica
Reports by QCR staff

Related Articles

Weather, friendly locals, cost of living: expats in Mexico, Costa Rica enjoy same things

EXPAT FOCUS (MND) Of course it was no surprise that readers...

Cynthia Ann Telles named new U.S. Ambassador to Costa Rica

QCOSTARICA - Today, U.S. President Joe Biden announced his nomination of...


How to Continue Learning German If You Live in Berlin

Berlin is the place to be: the best parks, cinemas, concerts, and cultural life attract many students every year. COVID-19 has changed the situation...

OIJ investigation into road works corruption leads to inquiries in Panama

QCOSTARICA - The prestige of the company of some of the richest men in Costa Rica hangs by a thread. For many, the MECO...

American woman found lifeless in hotel bathroom in Sabana

QCOSTARICA - A sad discovery occurred this Thursday morning in a hotel located in La Sabana, in San José, the lifeless body of a...

Full court decides not to investigate or dismiss Emilia Navas

QCOSTARICA - Emilia Navas will not be removed from her position as attorney general, after calls for her to step down due to her...

First five months of the year reflect recovery of Costa Rican exports

QCOSTARICA - The value of Costa Rica exports increased by 23% in the first five months of the year, being the highest growth in...

Weather, friendly locals, cost of living: expats in Mexico, Costa Rica enjoy same things

EXPAT FOCUS (MND) Of course it was no surprise that readers of Mexico News Daily voted Mexico as the No. 1 expat destination in...

Since 2018 MECO has received contracts from the State for more than ¢139 billion

QCOSTARICA - Almost ¢140 billion colones (US$227 million dollars) is the amount the MECO construction company was able to snare for public works contracts...

Vaccination commission endorses J & J vaccine, says no to Sinovac

QCOSTARICA - The Comisión Nacional de Vacunación y Epidemiología (CNVE)  - National Vaccination and Epidemiology Commission - endorsed the use of Johnson and Johnson...

Flight paralysis from Canada hits Costa Rica’s tourism

QCOSTARICA - The paralysis of flights from Canada last January hit Costa Rica's tourism sector, as Canada was the second source market for tourists...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.