E-mobility in Peru continues to advance at a slow pace. While the country saw a 133% rise in electric vehicle (EV) sales last year, the lack of a clear regulatory framework remains the main obstacle to its consolidation.
Over the years, more than 20 legislative initiatives have been presented to Congress, but only two have made it to committee discussions. None have been approved.
Now, with a new year underway, the e-mobility sector is asking: Will 2025 be the year Peru finally enacts an E-Mobility Law?
A History of Unfulfilled Promises
For nearly a decade, e-mobility has been a topic of debate in the Peruvian Congress. Various proposals have aimed to promote the adoption of electric vehicles through tax benefits, financing schemes, and improvements in charging infrastructure.
The last major attempt occurred in 2024, when the Committee on Economy, Banking, Finance, and Financial Intelligence approved a bill establishing a regulatory framework for the promotion and implementation of electric transport in the country.
However, the initiative failed to progress and was ultimately shelved.
This legislative failure came despite support from Economy and Finance Minister José Arista, who had proposed transforming Chancay Port into a regional hub for electric vehicle assembly.
Sources in the sector told Mobility Portal Latinoamérica that the lack of consensus among key ministries—such as the Ministry of Energy and Mines (MINEM), the Ministry of Environment (MINAM), and the Ministry of Transport and Communications (MTC)—ultimately halted any progress.
Expectations for 2025: Industry Skepticism
Industry sources are not optimistic. One source, speaking with Mobility Portal Latinoamérica, stated that “everything is on hold until July 2025.”
The general sentiment is that no concrete progress has been made and that the issue is not a priority for the government.
The Ministry of Economy and Finance (MEF) had been working on two key projects:
• The Green and Zero-Emission Transport Promotion and Development Bill
• The E-Mobility Promotion Bill
Both included incentives such as income tax exemptions for companies integrating electric vehicles into their fleets, with reduced tax rates until 2032.
However, neither bill was formally submitted due to the lack of consensus among the ministries involved.
The MEF argues that any measures must be fiscally sustainable, avoiding negative impacts on public finances.
On the other hand, some sectors argue that an e-mobility law could be regressive, benefiting only higher-income segments of the population, making it difficult to justify state incentives.
China and the Push for Electric Public Transport
One of the main policy announcements came after President Dina Boluarte’s visit to China, where new funding opportunities for the sector were discussed. However, no concrete updates have emerged since.
Transport and Communications Minister Raúl Pérez Reyes announced a plan to replace public transport units with electric vehicles, mostly financed by China.
This project includes reviving a proposal to remove import taxes on electric vehicles for public transport and promoting electric taxis as a sustainable mobility option in the country.
A Growing Market, But Without State Support
Despite the lack of clear incentives, the electric vehicle market is showing signs of growth.
In January 2025, sales of fully electric vehicles rose 133%, from 186 to 435 units compared to the previous year.
The top brands in the segment were:
• Volvo: 78 units (17.9% market share)
• BYD: 68 units (15.6%)
• JAC: 36 units (8.3%)
• Dongfeng: 26 units (6.0%)
• BMW: 23 units (5.3%)
However, e-mobility in Peru still represents a very small share of total vehicle sales, highlighting the lack of incentives to make the technology more accessible to a broader audience.
