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The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. Read a June 2022 report (Spanish) prepared by the KPMG member firm in Panama Requirement for public institutions of the national government to progressively replace their fleet of fuel-burning vehicles with electric vehicles (10% by 2025, 25% by 2027, and 40% by 2030).Clearance for citizens and distribution companies to establish charging stations and provide electric vehicle charging services.Requirement that residential and commercial real estate projects include at least one electric vehicle charging station in their construction plans.Preferential parking at public institutions, shopping malls and real estate projects.Exemption from the payment of the vehicular license plate procedure for a period of five years.The law also provides for the following non-tax related incentives for electric vehicles: 295 (25 April 2022)-which becomes effective 1 January 2023-provides an exemption from the payment of the selective consumption tax (currently set at 5%) for electric vehicles until 31 December 2030.