El Salvador’s government released and adopted Law No. 738 on electric transportation. This law’s primary goal is to provide incentives for the import and usage of hybrid and electric vehicles in both the public and commercial sectors.
Electric and hybrid vehicles are subject to a 0% customs duty under this regulation, and importers are not required to pay the 13% Value Added Tax (VAT) on the importation value or the Special Tax on the First Registration of Goods.
One of the most significant industries in Central America is transportation. In order to achieve considerable reductions in greenhouse gas (GHG) emissions, the region is supporting sustainable mobility.
Regulations are supported in accordance with the agreements made on a global scale to reduce the consequences of climate change while enhancing environmental protection.
The Salvadoran government is developing a comprehensive strategy to upgrade the nation’s transportation system. Infrastructure for EV charging will be crucial for the use of electric vehicles.
Opportunities for battery charging equipment, services, and EV parts and accessories will result from this.
The El Salvador EV Charger Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
In order to increase accessibility and convenience for EV charging as the number of EVs is anticipated to rise, Blink Charging forms a strategic partnership with AES El Salvador.
AES El Salvador and Blink Charging Co. have reached an agreement for the deployment of IQ 200 fast Level 2 chargers in various El Salvadorian regions over the coming few years.
Blink is a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services. The pact will quicken El Salvador’s shift to more environmentally friendly and sustainable modes of transportation.
Drivers will be able to find networked charging stations and use the Blink Charging Mobile App thanks to the Blink chargers’ connection to the sophisticated Blink Network platform.
Additionally, the Blink Network provides managers with a management site via which they can view current consumption data for each charger.
“Blink is thrilled to partner with AES El Salvador in this cutting-edge project,” stated the company’s director of global operations. “
More public and commercial charging stations will be needed to accommodate this accelerated expansion as the number of EVs in Latin America is expected to quadruple every year over the following years.
Blink Charging is pleased to have formed this agreement with AES since they firmly believe in the ability of strategic relationships to promote this growth.
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