The government of Autonomous City of Buenos Aires asset a series of soft credits for the purchase of electric and plug-in hybrid vehicles The target group is taxi drivers, taxi drivers and motorcycle delivery drivers. The announcement made yesterday positions the Argentine capital on the path to more efficient and less polluting urban mobility. Management is carried out via the City bankwhich offers the lowest interest rates on the market to help these essential workers access zero mileage units.
The financial proposal, sponsored by the Government of Buenos Aires and the City bankcovers three major groups: taxi license holders, authorized taxi drivers and monotributistas offering delivery services on city-recognized platforms. These credit lines are intended exclusively for the purchase of Electric vehicles And Plug-in hybrids (PHEV), both zero kilometers.
The Electric vehicles They use an exclusively battery-powered motor, while the Plug-in hybrids They combine an electric motor and a combustion engine, but can cover long distances purely electrically. Traditional hybrid models that are not plug-in and rely more heavily on fuel are not included in this funding.
The financing line exists for taxi drivers and taxi owners Collateral loans of up to $28 millionwith a maximum term of 48 months and a fixed annual interest rate of 20%. This program allows you to purchase a new unit by paying an initial fee of $808,000 when the entire available amount is financed.
According to official information from the City bankThe financing covers up to 70% of the share valuewith an estimated fee-to-income ratio of 30%. Applicants must provide a proforma invoice, provide evidence of a valid license with at least two years of experience and provide proof of income, being registered as a monotributista or self-employed person for at least one year. For Remiseros, a two-year-old vehicle registration certificate is required, and in the category used to estimate income, a six-month-old vehicle registration certificate is required.
Delivery drivers who use electric motorcycles have a special set of individual credits. The maximum amount to be financed is $2,800,000payable in 36 months, with a fixed annual interest rate of 22.5%. For the maximum amount, the entry fee is $101,000. This proposal is aimed at monotributists who work on delivery platforms registered with the Government of Buenos Aires and demonstrate continuity of activity of at least one year.
He City bank Applicants for this line must present a proforma invoice, have a valid driver’s license in the city and provide proof of registration as a monotributista for at least one year and six months in the category corresponding to the estimated income. In addition, they must prove their membership in the official Buenos Aires registry of the delivery segment.
The funding promotes the introduction of technologies that enable greater autonomy in electric mode and minimize fuel consumption, leading to a reduction in pollutant emissions and operating costs. The Plug-in hybrids (PHEV) require connection to the home power grid or to fast chargers on public roads and gas stations. This type of vehicle has batteries with greater capacity and power compared to traditional hybrid vehicles.
The main advantages of PHEVs include the ability to travel more than 30 kilometers in electric mode, a result that is particularly useful for the typical daily trips of taxis and carriage houses. They can also operate as fuel-powered self-charging hybrids as they integrate both engines.
The vehicles for their part 100% electric They only have an electric motor, which minimizes noise pollution and eliminates gas emissions. According to official information, these models offer a range of approximately 200 kilometers per charge, although this depends on the model.
The cost per kilometer traveled in electric or plug-in hybrid vehicles is about a tenth of the cost of an internal combustion engine car, which can result in significant savings for those who use the vehicle as a work tool.
The city government’s incentive package also includes tax benefits. The Electric cars You are permanently exempt from paying patent fees. For plug-in hybrids, the exemption applies in the first two years, and from the third year onwards the reduction occurs gradually: 60% in the third year, 40% in the fourth and 20% in the fifth year. In the sixth year the payment obligation is complete. For vehicles with a taxable value of more than 60 million pesos, the exemption only applies during the first 12 months.
These credits can be accessed online through the official website of the City bank. The process includes gathering the necessary documents, filling out the application, and waiting for the credit score. The procedure is detailed below for each point:
For taxis:
- Proforma invoice for the vehicle to be purchased.
- Valid license for at least two years.
- Proof of income with at least one year of registration as a monotributista or independent.
For remises:
- Proforma invoice.
- Proof of registration of the vehicle that is two years old.
- Proof of income with at least one year of registration as a monotributista or independent and six months in the corresponding category.
For delivery motorcycles:
- Proforma invoice.
- Valid driving license in CABA.
- Registration as a Monotributista with at least one year and six months in the category.
- One year of seniority on the delivery platform and accreditation in the Register of Delivery Agents of the Government of Buenos Aires.
The Buenos Aires government’s strategy to modernize urban transport includes other measures. The first electric bus line has been in operation since April, connecting Retiro with Parque Lezama. By 2026, the trambus system is planned to be introduced with two fully electric lines that will connect Pompeya and Aeroparque. In addition, the construction of the new subway line F is planned, the first structure of its kind in 25 years.
When it comes to buses, Buenos Aires is on the way to a more sustainable vehicle fleet. From 2027, new vehicles on Buenos Aires routes must run exclusively on clean energy, either electric or compressed natural gas (CNG). In addition, these groups must be renewed no more than every ten years. Next January, 150 CNG buses manufactured to European standards will be added.
Among the electric zero-kilometer vehicles currently marketed Argentina Options such as Chevrolet Spark EUV, BYD Yuan Pro (SUV) and Renault Kangoo E-TECH are listed. In the electric motorcycle segment, the market offers alternatives such as Astro Sunra De Paseo, Sunra Miku Max Litio 800w, Kymco Agility Carry Electric, Sunra Hawk Litio and Super Soco Cux 1600w Electric Motorcycle. The prices vary depending on the model and equipment, but are not part of the official information City bank.
In summary, these are the most important requirements for applying for a loan depending on the segment:
- Taxes: Proforma invoice, current license (at least two years), registration as a monotributista or independent (at least one year).
- Remise: Pro forma invoice, vehicle permit (at least two years), registration as a monotributista or independent (at least one year), six months in the income category.
- Motorcycle delivery driver: Proforma invoice, valid driver’s license in CABA, registration as a monotributista (at least one year), six months in the category, one year of seniority on the platform and official registration.
The head of government, Jorge Macriunderlined the importance of electromobility both locally and internationally. “In the world’s most advanced cities, electric mobility is already part of the urban landscape. It reduces environmental impact, lowers costs for those who drive every day, and because it is completely silent, it improves city life. These loans are part of a comprehensive electric mobility agenda that brings us closer to the city we want: more modern and competitive,” he explained. Macri.
Credits for the purchase of electric cars and motorcycles are available on the official website City bank. The process is conducted digitally and requires applicants to meet the specific requirements of each segment. The benefit includes interest subsidies, tax exemptions and preferential conditions for those engaged in transportation and urban logistics in the city of Buenos Aires.
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