Federal Income Tax Law on fiscal support for electric vehicles (Art. 28 & 204)

The Mexican Income Tax Law grants benefits, in the form of tax deductions, consumers renting electric and hybrid vehicles through leasing contracts. 

Loan payments are deductible from taxes up to 285 pesos per day per car for electric vehicles (EVs) and vehicles with hydrogen-powered engines, compared to 200 pesos for Internal Combustion Engine Vehicles.  

In addition, the Income Tax Law adds an other tax deduction incentive of 30% for investments made in public charging stations for EVs.

Want to know more about this policy ? Learn more