Argentina Announces Electric Vehicle Import Quotas for 2026
The Argentine government has announced a quota of 50,000 electric and hybrid vehicles that will enter the country in 2026 without paying customs duties. This move aims to reduce prices on new cars but raises questions about transparency.Key TakeawaysThe government exempts EVs and hybrids from a 35% import tax in 2026.Pricing information for vehicles benefiting from this exemption is missing, raising concerns about transparency.Around 130,000 applications were submitted, but only 50,000 will receive the benefit based on declared prices and other criteria.The Argentine government's decision to allow over 50,000 electric vehicles into the country in 2026 without customs duties is a significant move towards promoting EV adoption. However, this policy comes with some caveats that might not bene...