{"id":48297,"date":"2025-05-09T05:25:17","date_gmt":"2025-05-09T10:25:17","guid":{"rendered":"https:\/\/latamobility.com\/?p=48297"},"modified":"2025-05-08T17:55:43","modified_gmt":"2025-05-08T22:55:43","slug":"100-tax-deduction-on-new-cars-boosting-production-and-sustainable-mobility-in-mexico","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/100-tax-deduction-on-new-cars-boosting-production-and-sustainable-mobility-in-mexico\/","title":{"rendered":"100% Tax Deduction on New Cars: Boosting Production and Sustainable Mobility in Mexico"},"content":{"rendered":"\n
The 100% tax deduction on new cars<\/strong> proposed by CONCANACO SERVYTUR is a strategic move to boost domestic demand, update Mexico’s vehicle fleet, and drive sustainable mobility.<\/p>\n\n\n\n The automotive sector accounts for 4% of Mexico\u2019s GDP and 20.5% of the manufacturing GDP. In 2024, nearly 4 million vehicles were produced, but only 34% of those sold domestically were locally made.<\/p>\n\n\n\n The proposal aims to reverse this imbalance by removing fiscal barriers and stimulating the purchase of Mexican-made vehicles.<\/p>\n\n\n\n This policy is expected to strengthen domestic production, create jobs, and increase fiscal revenues<\/strong> through income and sales taxes.<\/p>\n\n\n\n Today, 48% of the national vehicle fleet is over 16 years old<\/strong>, contributing to pollution and inefficiency.<\/p>\n\n\n\n With this initiative<\/strong>, the proposal seeks to accelerate the shift toward more efficient and lower-emission vehicles<\/strong>.<\/p>\n\n\n\n \u201cRenewing the fleet is essential for cutting emissions and enhancing national competitiveness,\u201d<\/strong> said Octavio de la Torre.<\/p>\n\n\n\n Read more: Electric Mobility in Mexico Withstands Global Tariff Pressures<\/a>.<\/p>\n\n\n\n The initiative was formally presented to the Ministry of Finance and President Claudia Sheinbaum as part of the National Crusade for Competitiveness<\/em>.<\/p>\n\n\n\n This idea supports both national industry and environmental goals, aligning with Mexico\u2019s decarbonization commitments.<\/p>\n\n\n\n This measure shows that economic growth and sustainability can move forward together<\/strong>, ensuring a cleaner and more competitive future for the country.<\/p>\n\n\n\n Electric mobility and other key topics will be discussed at the Latam Mobility Summit CDMX 2025<\/strong>, a premier platform for discussion, debate, and networking.<\/p>\n\n\n\n This event is ideal for professionals looking to establish and expand business opportunities in the sustainable mobility sector across Mexico and Central America.<\/p>\n\n\n\n Don\u2019t miss this opportunity to explore what\u2019s next in mobility and be part of the future. For more information on participation and branding opportunities, contact: info@investinlatam.org<\/a><\/strong>.<\/p>\n\n\n\n Contact us via WhatsApp<\/strong><\/a> or take advantage of the pre-sale of tickets for Mexico City, here<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The 100% tax deduction on new cars proposed by CONCANACO SERVYTUR is a strategic move to boost domestic demand, update Mexico’s vehicle fleet, and drive sustainable mobility. 100% tax deduction on new cars to support the automotive industry The automotive sector accounts for 4% of Mexico\u2019s GDP and 20.5% of the manufacturing GDP. In 2024,…<\/p>\n","protected":false},"author":20,"featured_media":48294,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[2055],"tags":[1281,2938,2751,1357,2079,1622,1484,1487,1489],"class_list":["post-48297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smart-mobility","tag-electric-mobility","tag-electric-mobility-in-mexico","tag-electromovilidad-2","tag-latam-mobility-2","tag-mexico-2","tag-movilidad-electrica-3","tag-sostenibilidad","tag-sostenibilidad-2","tag-sustainability"],"yoast_head":"\n100% tax deduction on new cars to support the automotive industry<\/h3>\n\n\n\n
Fleet renewal through 100% tax deduction on new cars<\/h3>\n\n\n\n
A comprehensive path toward sustainable development<\/h3>\n\n\n\n
Mexico: Destination of the Latam Mobility Summit<\/strong><\/h3>\n\n\n\n
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