Colombia VAT hike on hybrids/EVs may backfire, warns auto dealer

A Colombian auto dealer warns that a proposed VAT increase from 5% to 19% on hybrid and electric vehicles could contract demand, reduce government revenue, and threaten jobs. The claim is an opinion from an industry source, not yet corroborated by data or official analysis. If implemented, the policy could slow EV adoption and hurt the auto sector, but the market impact is uncertain.

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