St. Lucia extends reduced tax rates for hybrid and electric Vehicles

The St. Lucia government has extended the reduced import duty and excise tax rates for hybrid and electric vehicles. 

The extension is set to remain in effect until August 30 of next year. 

Aligning with solar challenge objectives

The decision to prolong these tax rates comes as part of the St. Lucia government’s commitment to the objectives set forth by the Organisation of Eastern Caribbean States Commission-led Solar Challenge. 

Transport Sector’s role in emission mitigation

The extension is also in alignment with the island’s updated Nationally Determined Contributions, emphasizing the transport sector's significance in mitigating St. Lucia’s greenhouse gas emissions.