This technical transient examines the potential price impacts {that a} light-duty car gasoline consumption normal in Colombia might have on industries for imported and regionally assembled automobiles and on retail costs for customers. We evaluated the potential know-how pathways for Colombia to cut back fleet-average gasoline consumption and CO2 emissions for inner combustion engine (ICE) passenger vehicles (PCs) and gentle industrial automobiles (LCVs) in 2030, when the usual is assumed to be in impact. We generated estimates for the incremental know-how price to automakers and the incremental retail value to customers for each imported and regionally assembled automobiles, offering policymakers and business stakeholders with the analytical basis for knowledgeable requirements growth. We additionally analyzed the cost-competitiveness of the top-selling battery electrical car (BEV) fashions with comparable ICE automobiles (ICEVs) offered in Colombia.
Our price projections point out that assembly the potential 2030 stringency ranges is economically possible for each car varieties and business segments. Retail value will increase for ICE PCs are modest at roughly US$130 for regionally assembled automobiles and US$170 for imports, reflecting Colombia’s tax construction and incentives for home business. The estimated incremental know-how prices – earlier than combining the markup for native taxes and tariffs – are even extra modest, at roughly US$100 for ICE PCs. This distinction demonstrates the substantial implications of Colombia’s tax construction for ICE automobiles.
Estimates for ICE LCVs are barely greater—roughly US$300 for regionally assembled automobiles and US$400 for imports in incremental retail costs, and US$223 in incremental know-how prices—reflecting the comparatively greater price of know-how upgrades for diesel-dominated fleets.
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