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":"