How many electric cars are there in El Salvador?

Currently, AES Corporation El Salvador has seven vehicles in operation: three in the eastern zone, two in the western area, and the same in the central zone. Likewise, AES is installing a network of electric vehicle charging stations nationwide. The company has a fleet of 15 electric cars and 12 EV charging stations.

How do auto repair shops work in El Salvador?

The salvaged vehicles are then repaired and sold in the local market. Auto repair shops play a crucial role in influencing customers purchasing decisions. The Vice Minister of Transportation announced that the Government of El Salvador is looking for options to finance and renew the fleet of 10,000 public buses.

How are used cars sold in El Salvador?

Currently, 90% of used vehicles purchased in El Salvador are imported from the United States, and many are salvaged cars bought at auctions. The salvaged vehicles are then repaired and sold in the local market. Auto repair shops play a crucial role in influencing customers purchasing decisions.

What is El Salvador's new electric vehicle law?

El Salvador’s Law for the Promotion and Incentives to Import Electric and Hybrid Vehicles, approved in September 2020, includes a tax reduction for importing electric vehicles and all the regulations for electric mobility.

Is El Salvador a good place to buy auto parts?

El Salvador’s auto parts sector is highly competitive and price sensitive. Asian companies have gained market share as the number of Japanese, Korean, and Chinese auto manufacturers continue to grow in El Salvador.

How can a company do business in El Salvador?

Companies that seek to do business in El Salvador should work closely with a local distributor. Assigning one distributor for the size and demand of the country is appropriate. A potential Salvadoran distributor may handle various products and often seeks an exclusive distributorship.