# Buenos Aires electric taxi fleet modernization

> Live situation record from CLSTR: https://clstr.news/situations/buenos-aires-electric-taxi-fleet-modernization
> Updated: 2026-08-15T21:37:38.000Z. Sources: 15. Developments: 2.

The Government of the City of Buenos Aires is working to modernize its taxi fleet by promoting the use of electric and plug-in hybrid vehicles. To support this transition toward cleaner public transport, Banco Ciudad has introduced a specialized financing line for taxi and private hire (remise) drivers.

The credit program offers loans of up to $28 million, covering up to 70% of a vehicle’s value, with a fixed annual nominal rate of 20% and repayment terms lasting up to 48 months. Officials noted that electric taxis incur operating costs roughly 20% of those for gasoline or CNG vehicles and require less maintenance.

Fiscal incentives accompany the financing: electric vehicles receive a permanent 100% exemption from patent taxes, while hybrid vehicles are exempt for their first two years of circulation.

## Timeline

### 2026-08-15: Banco Ciudad launches subsidized loans for electric and hybrid vehicles

Banco Ciudad has introduced subsidized loans for taxi and remise drivers in Buenos Aires to purchase new electric or plug-in hybrid vehicles.

3 sources. https://clstr.news/cluster/banco-ciudad-launches-subsidized-loans-for-electric-and-hybrid-vehicles

### 2026-08-12: Buenos Aires promotes electric taxis via Banco Ciudad credits

Buenos Aires is incentivizing the transition to electric taxis through Banco Ciudad credits with a 20% fixed rate and significant tax exemptions for electric and hybrid vehicles.

13 sources. https://clstr.news/cluster/campeche-moves-to-legalize-didi-through-new-transport-regulations

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Cite as: Buenos Aires electric taxi fleet modernization. CLSTR, https://clstr.news/situations/buenos-aires-electric-taxi-fleet-modernization