Peru is set to go green by declaring that electromobility is of national importance

The State will look to replace traditional fleet vehicles with electric and hybrid counterparts across the public sector, reducing gas emissions by 30% by 2030. 

Since 2016, Peru has only imported 32 electric vehicles (EVs) and 519 hybrids, according to the country’s automobile association, Asociación Automotriz del Perú (AAP). With 5.1 million cars globally, Peru’s imports make up a tiny fraction of this amount, something that the country is hoping to change.

Starting in December 2019, Peru is set to kick-off a new set of regulations to promote electric and hybrid vehicles and power supply infrastructure. Peru’s 2019-30 national competitiveness and productivity plan will help the country to hit electromobility milestones between now and 2030. These include:
 

• Decentralized pilot projects by 2021
• Peruvian technical standards for charging stations by 2025
• Electric buses operating in Lima, Arequipa, and Trujillo by 2030

To kick-start electric vehicles sales in the country, the Ministry of Energy and Mining (Minem) is awarding bonuses to businesses acquiring EVs for fleet use. The Ministry of Economy and Finance has also passed a decree that eliminates ISC excise tax for businesses restocking their fleets with hybrids or EVs.

Furthermore, the results of a study also commissioned by Minem has found that the profitability of EVs far outweighs traditional diesel or gas vehicles. The promoter business model can be used by fleet management companies to access heavy concessions over a 14-year period that also includes preferential financing. 

The study indicates that an electric bus uses approximately 380 US Dollars per month of energy on average over a 14-year period, while a gas bus uses about 1260 US Dollars in gas per month and one diesel bus uses about 2184 US Dollars over the same 14-year period.

 With pilot projects about to go into operation and tenders for electric bus fleets to begin in 2020, Minem is working hard to provide information on the performance and efficiency of EV bus fleets and the impact it will have on urban traffic in Lima. This will help to reduce greenhouse gases and improve air quality for future generations.