The National Action Party's bench in the Congress of Mexico City presented an initiative to raise the cap on the cost of vehicles that can access the registration subsidy to 375,000 pesos. This measure aims to reactivate car sales, generate jobs, and increase revenues for the local public treasury.
PAN deputy Olivia Garza considers it urgent to update the value of vehicles that can access the vehicle ownership or use tax subsidy. Currently, this cap is set at 250,000 pesos, making it difficult for middle-class families in Mexico City to purchase a new car.
Garza emphasized that the cap of 250,000 pesos has remained since the elimination of the vehicle ownership tax in 2010, without any updates in nearly 15 years. This has led residents to prefer buying and registering their vehicles in neighboring entities, such as the State of Mexico, Tlaxcala, and Morelos, where the requirements to access the subsidy are more favorable.
The legislator stressed that the lack of adjustments to this cap has negatively impacted new vehicle sales in Mexico City, favoring dealerships in neighboring states. Therefore, there is a push to align criteria with neighboring entities to prevent tax evasion and promote local vehicle purchases.
If the initiative is approved, at least 29 vehicle models would be available to access the registration in Mexico City, expanding options for owners. Garza urged the head of government, Clara Brugada, to promote the standardization in the metropolitan area and neighboring states to avoid speculation in the purchase, registration, and verification of vehicles in the capital.
