The decision to extend these reduced tax rates aligns with the objectives of the OECS Commission led Solar Challenge " Race to the Sun" as well as the goals and objectives of the recently approved National Energy Policy (2023-2030) and Saint Lucia''s updated Nationally Determined Contributions (NDCs), emphasizing the transport sector’s significance in mitigating Saint Lucia''s greenhouse gas (GHG) emissions.
Recognizing the pivotal role of tax incentives in encouraging the adoption of hybrid and electric vehicles while simultaneously curbing the country’s reliance on fossil fuels through the electrification of energy demand which dovetails the greening of the island''s electricity grid, the Cabinet believes that maintaining lower tax rates will promote the uptake of environmentally friendly vehicles. The aim is to reduce emissions within the transport sector.
To address stakeholder concerns and prevent a potential increase in effective taxes on hybrids and EVs due to the waiver’s expiration, the Department of Finance proposes to retain the existing excise and duty rates (ranging from 5.0 to 10.0 percent import duties) from December 1, 2023, to August 30, 2024.
This extension will afford the Department sufficient time to implement the new HS (HS 2022) and prepare for potential revisions to the excise and duty system for all vehicles, which will be presented for Cabinet''s consideration.
Moreover, to bolster efforts towards reducing carbon emissions and achieving energy independence, the Departments of Finance and Infrastructure have been diligently working to ensure that the upcoming introduction of the new HS classification system incorporates specific categories for different classes of hybrids and EVs.
What happens when it is time to change the batteries on these electric/hybrid vehicles? The cost of these batteries will exceed whatever savings you make on duties and fuel. Expect to pay a minimum to $10,000 (item cost, shipping, duties, labour) to replace battery on a smaller hybrid (Toyota Aqua, Honda Fit and similar). Far more for an electric car. And of course if you got to a roadside mechanic to try to save on cost, expect a disaster. Then now when these things age and start to burn….
People are thinking that by owning an electrichybrid vehicle youre saving loads on fuel ?? news flash youre not actually that much better off because for instance when using an electric car with a range on paper of 250 miles you actually get about half that because everytime you turn on the Air con or go uphill it uses quite alot of power.
The decision to extend these reduced tax rates aligns with the objectives of the OECS Commission led Solar Challenge " Race to the Sun" as well as the goals and objectives of the recently approved National Energy Policy (2023-2030) and Saint Lucia''s updated Nationally Determined Contributions (NDCs), emphasizing the transport sector''s significance in mitigating Saint Lucia''s greenhouse gas (GHG) emissions.
Recognizing the pivotal role of tax incentives in encouraging the adoption of hybrid and electric vehicles while simultaneously curbing the country''s reliance on fossil fuels through the electrification of energy demand which dovetails the greening of the island''s electricity grid, the Cabinet believes that maintaining lower tax rates will promote the uptake of environmentally friendly vehicles. The aim is to reduce emissions within the transport sector.
To address stakeholder concerns and prevent a potential increase in effective taxes on hybrids and EVs due to the waiver''s expiration, the Department of Finance proposes to retain the existing excise and duty rates (ranging from 5.0 to 10.0 percent import duties) from December 1, 2023, to August 30, 2024.
Accelerate the introduction of electric mobility in Saint Lucia through capacity-building and electric vehicle demonstration and prepare it for scaling-up and replication through the development of electric mobility policies, business models and finance sc
The Global Environment Facility (GEF) is a multilateral fund dedicated to confronting biodiversity loss, climate change, pollution, and strains on land and ocean health. Over the past three decades, the GEF has provided more than $22 billion in financing and mobilized another $120 billion for more than 5,000 national and regional projects.
Deputy Permanent Secretary in the Department of Energy, Barrymore Felicien, said that report informed the recent National Energy Transition Strategy, under which a pilot project involving electric vehicles, will be used to assess what portion of the fleet can be converted to cleaner energy.
About Saint lucia electric vehicles
As the photovoltaic (PV) industry continues to evolve, advancements in Saint lucia electric vehicles have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Saint lucia electric vehicles for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
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