Monday, May 29

What is the project for the automotive industry that seeks to encourage investment

The scheme to be created will be temporary and will offer benefits (decreasing over time) for 20 years, and provides for the promotion of parts and sets. If the project is approved, As of the year 2041, no more internal combustion vehicles may be sold throughout the national territory, and the new law would also oblige the National State to respect electricity quotas in the replacement of the official fleet and in the replacement of the passenger transport fleet.

On the demand side, the project establishes the creation of a Green Bond in the form of a direct discount on the price of a vehicle and the recharging equipment, in addition, electric vehicles will not add to the tax base for calculating the tax on personal property.

From the offer, it includes fiscal benefits (static) for the installation of productive projects of sustainable mobility and other fiscal benefits (dynamic) against the fulfillment of pre-established goals of exports, job creation, technological improvement, productivity and supplier development.

It also provides for the creation of the National Agency for Sustainable Mobility, which will function as a control and implementation body of the Regime and will have functions of analyzing global trends in terms of regulations and certifications, as well as monitoring technological changes in the sector. Finally, an important point of the project is also the creation of the Fiduciary Fund for Sustainable Mobility (FODEMS) whose purpose is to guarantee the availability and sustainability of the financing that the Regime will require during the 20 years in which it will operate. FODEMS would be financed, in principle, with resources from the tax on liquid fuels and carbon dioxide, in addition to receiving funds from the National Treasury and NGOs.

But criticism of the project was not long in coming. Mainly from the oil tankers: they affirm that prohibiting the sale of internal combustion vehicles within 20 years contradicts the idea of ​​promoting Vaca Muerta with the aim of generating foreign exchange, at the same time that it would progressively take market share away from it. At the same time, another of the most heard arguments refers to the impact on electricity consumption in addition to the fact that they would benefit, in the local market, the sectors with the highest incomes capable of affording electric cars.