Law 1964 of 2019 has created incentives and obligations that promote the use of electric vehicles, with the purpose of achiving sustainable mobility and  reduction of pollutant and greenhouse gas emissions. 

Regarding incentives and benefits that were created for the users of electric vehicles, the tariff that will apply to the tax on motor vehicles for electric vehicles will correspond to the 1% of the commercial value of the vehicle. Additionally, the users of electric vehicle will be benefit with discounts in the tariffs that apply to the technic-mechanical monitoring and with a discount of 10% in the Mandatory Insurance of Traffic Accidents (“Seguro Obligatorio de Accidentes de Transito” – SOAT). Also, the mobility restriction established by local authorities won’t be applicable for electric vehicles.  

The public entities and the commercial establishments are obligated to save at least 2% of the parking lot spaces available for preferential use of electric vehicles. Said obligation, should be regulated by the Ministry of Transport in the next 12 months as of the enforcement of the Law. 

Additionally, a 6-year term was established for the National Government and the public transport service providers to reach a minimum of 30% of electric vehicles on its floats. The cities with massive public transport should create public policies and actions aiming to ensure a percentage of electric vehicles on its float, and for 2035 the 100% of the purchased vehicles must be electric. 

In the 3 years that follows the enforcement of the Law, the municipalities of special categories should ensure in their territories at least 5 fast charging stations in functional conditions. The construction of these fast charging stations may be made through the figure of public-private partnerships. In the case of Bogota D.C, there should be at least 20 fast charging stations in the territory. 

The Ministry of Mines and Energy should establish all the necessary conditions to promote that the stations of fossil fuel extend their offer, including charging points for electric vehicles. 

The planning authorities of the districts and municipalities that belong to the 0, 1, 2, 3, special categories, jointly with the Ministry of Housing, City and Territories will regulate the technical guidelines necessary to guarantee that all the buildings of residential and commercial use are equipped with the necessary infrastructure for charging of electric vehicles. 

The territorial entities are empowered to develop economic incentive programs to promote electric mobility.