Mexico Offers New Tax Cuts to Attract Nearshoring Investment
The only requisite for eligibility is that the investment must be made during the rest of 2023 or during 2024
Read moreTag Archives: electric cars
BMW to Open Electric Car Plant in San Luis Potosí
The new electric car plant will have a maximum production capacity of 175,000 cars annually
Read moreElectric Car Fleets Still a Pipe Dream in Mexico
By MELISSA T. CASTRO Mexican President Andrés Manuel López Obrador (AMLO) has repeatedly touted promises that at least 50 percent of Mexico’s automotive factories will be rolling out electric cars by the year 2030. But General Motors’ (GM) Mexico head Francisco Garza is looking at a far more conservative figure, foreseeing just 15 percent of the vehicles produced in the
Read moreMexico Promotes Fossil Fuels as US Pushes for Clean Energy
By MARK LORENZANA Mexico will allocate 503 billion pesos this year in subsidies to gasoline and domestic electricity — produced with gas and coal — as a key element to combat inflation, Secretary of the Treasury Rogelio Ramírez de la O reported on Monday, Aug. 1. In contrast, the United States is about to embark on an ambitious anti-inflation plan
Read moreAMLO Criticizes US for Preferring Electric Cars
By MARK LORENZANA Mexican President Andrés Manuel López Obrador (AMLO), in his morning press conference on Monday, June 13, claimed that the price of gasoline is skyrocketing in the United States mainly because the U.S. government has stopped investing in oil due to its preference for electric cars. “The United States has a serious problem because a gallon of gasoline,
Read more