Petro claims electric vehicle sales doubled due to gasoline tariffs

President Gustavo Petro attributed the 171.3% increase in electric vehicle sales in the first quarter of 2026 to his gasoline vehicle tariff policy. In an X post, he hailed the outcome as progress in decarbonization and relief for air pollution-related mortality in cities like Bogotá and Medellín.

Colombia recorded 9,349 new electric vehicle sales in the first quarter of 2026, a 171.3% increase from the same period in 2025. Leading brands were Tesla, BYD, and Chery. President Gustavo Petro wrote on X: "Thanks to our tariff policy on gasoline vehicles, making them more expensive, in just one month we doubled electric car sales".

Petro called this outcome "almost a miracle" and highlighted its effect on lowering air pollution-related deaths, particularly in Bogotá and Medellín. "It is a great relief for Bogotá and Medellín to lower the general and childhood mortality rate. Another achievement fulfilled", he added.

The president called for advancing local assembly and production of electric cars, motorcycles, and buses to supply the domestic market and export to Latin America. "We will be a hub for electric vehicle production for the world", he stated. He also urged extending decarbonization to agroindustry, trucks, tractors, ships, and planes, and for the steel sector to produce green flat sheets.

Petro stressed training technicians on electric motors, gas stations offering electricity sales, and new buildings including fast charging stations. He proposed swiftly implementing 'Colombia Solar' with free energy for vulnerable families, linking it to broadband and 3D printing to turn homes into workshops.

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Realistic illustration of Colombian port scene depicting proposed tariff hikes on imported gasoline vehicles and motorcycles for a news article.
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Government proposes raising tariffs on imported gasoline vehicles and motorcycles

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Colombia's Ministry of Commerce published a draft decree to raise import tariffs on vehicles and motorcycles powered by gasoline or diesel engines, aiming to promote clean technologies and bolster the national industry. The proposal sets 40% for cars and 35% for motorcycles, but guilds like Asopartes and Andemos warn it will raise prices and halt the sector's recovery in 2025.

President Gustavo Petro defended Colombia's transition to clean energies, stating that oil exploration contracts from the last decade have not found large amounts of oil. He insisted on lowering the real interest rate to boost the economy. He highlighted advances like investments in solar substations and potential exports.

Reported by AI

The Colombian government has acknowledged a natural gas deficit, requiring imports since last December to meet essential demand. This has led to higher prices for imported gas, passed on to users via tariff hikes. Officials are announcing measures to curb the effects.

Colombia's Ministry of Mines and Energy issued Decree 1428 of 2025 to exclude private, diplomatic, and official vehicles from the diesel subsidy under the Fuel Price Stabilization Fund (FEPC). The move aims to correct distortions in subsidy use and safeguard public finances, with gradual implementation in ten departments. Public transport for cargo and passengers remains exempt to prevent effects on food prices and transportation costs.

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Colombia's Ministry of Mines and Energy issued a resolution to cut gasoline prices by $500 per gallon starting February 1, 2026, while diesel remains stable. The measure aims to address the deficit in the Fuel Price Stabilization Fund (Fepc). Minister Edwin Palma countered criticisms on the inherited debt, stating that the $70 billion figure represents cumulative payments over six years.

The Ecuadorian government announced a 900% increase in the tariff for transporting Colombian crude through the Transecuatoriano Pipeline, rising from about $2.5 per barrel to over $30. Ecopetrol, impacted by this unilateral measure, is exploring options like exporting via Coveñas to mitigate effects on its southern Colombia operations. Colombia's Ministry of Mines and Energy rejected the decision, calling it an aggression threatening production in Putumayo.

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President Gustavo Petro again protested US bombings in the Caribbean during the christening of the oceanic patrol boat ARC ‘24 de Julio’, Colombia's largest domestically built vessel. He handed it over to the National Navy and highlighted its role in seizing cocaine shipments. He also called for developing national arms production.

 

 

 

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