Tax incentives boost electric mobility in Trinidad and Tobago

In order to meet the goal of reducing CO2 emissions by 15% by 2030 in line with the Paris Agreement, the government of Trinidad and Tobago announced in October 2021 that customs duties, automotive tax and VAT will be eliminated on the import of battery-powered electric vehicles. This measure seeks to encourage consumers to opt for an alternative with a lower environmental impact.

The IDB Group in Trinidad and Tobago together with the University of the West Indies (UWI, St. Augustine) have made progress in consultations with car dealers, electric vehicle owners, non-governmental organizations and private sector stakeholders to offer technical and financial support for the promotion of electric mobility.