Bolivia Proposes 10-Year VAT Exemption for Electric Vehicle Imports and Sales

Bolivia’s Chamber of Deputies is considering a bill for 10 year VAT exemption on electric vehicle imports and zero VAT rate on domestic sales
The exemption covers electric land and water vehicles plus conversion kits and components for changing combustion vehicles to electric
VAT benefits also apply to batteries, control systems, and photovoltaic cells designed for electric vehicles and vessels
The proposed law would become effective 15 days after publication
Bill number 630/2024-2025 was accepted for consideration on September 17

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⚡ 10-Year VAT Exemption for Electric Vehicles: The proposed law grants a full exemption from the Impuesto al Valor Agregado (IVA) on the import and domestic sale of electric vehicles, electric boats, and conversion kits for internal combustion vehicles.
️ Support for Infrastructure and Conversion: It encourages the development of charging stations, vehicle conversion workshops, and scientific research by allowing subnational governments and public universities to redirect specific budget allocations toward these initiatives.
️ Mandatory Public Sector Transition: All new vehicle acquisitions by national and subnational public entities must be electric, hybrid, or powered by renewable energy, with limited exceptions for heavy machinery and interdepartmental transport.

Source gob.bo

Exemption Importation