Argentina lifts tariffs on low-cost EVs and hybrids, cuts some auto taxes

Argentina next week will lift import tariffs on some low-cost electric and hybrid vehicles, while cutting taxes on higher-priced cars and motorcycles, according to the nation’s economy minister said.

Up to 50,000 imports of low-cost EVs and hybrids will be exempt from tariffs a year, Economy Minister Luis Caputo announced on X.

Meanwhile cars on the local market worth between 41 million pesos ($39,047) to 75 million pesos ($71,428) will