Costa Rica English News Blog April Archive blog.topic

Tax reduction for Electric Cars

By News at 04/27/08 11:03

It would seem what one hand takes away (the increase in electricity rates) the other hand might give back... a tax reduction for electric powered cars (and cars powered by hydrogen or compressed air).

Maybe it would be a better idea to grow biofuels to use for both cars and electricity generation so both sectors could benefit!

Costa Rica Offers Tax Breaks for energy-efficient cars

Tags: electric cars • electricity • biofuel • taxes •
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Electricity; Saved from a 75% rate hike!

The good news is that electricity rates won't be going up 75% as ICE has wanted. Instead users of electricity will be hit with somewhere between an 11% and 41% rate increase.

The highest increases going to those who use the most electricity. The 41% increase will go to those using 300 kilowatt hours a month or more. Apparently these people pay about US$62/month now for electricity which I would calculate to be around 20 cents a kilowatt hour.

It is likely that most expats will be effected by the highest rate tier.

Energy; Costa Rica Electricity Price Hike Gets Official Approval