Mexico''s New Energy Storage Policy Shakes Up
By implementing a combination of measures, including subsidies for local production, tariff exemptions for key equipment
By implementing a combination of measures, including subsidies for local production, tariff exemptions for key equipment
On December 18, 2024, Mexican authorities published key changes to the Tariff of the Law of General Import and Export Taxes and the IMMEX (Manufacturing, Maquiladora, and Export
Executive takeaway: Storage is now a regulated business line, not an accessory. That unlocks bankability – but only if you treat compliance like you would for a new power plant.
Developers, suppliers, and contractors can reduce their exposure to the tariff-related risks particular to BESS projects by
The tariffs are reshaping the energy landscape, increasing prices, and forcing companies to adapt quickly. Read on for detailed strategies to navigate these changes.
Explore applied tariffs, bound duties, import/export trends, and compare trade relationships with the most detailed global database. Download raw data
By implementing a combination of measures, including subsidies for local production, tariff exemptions for key equipment imports, and tax incentives for technology
Explore applied tariffs, bound duties, import/export trends, and compare trade relationships with the most detailed global database. Download raw data for further analysis.
Learn about the application of tariffs to Mexican exports, based on official statements and proclamations from the U.S. as of April 2, 2025.
In June 2025, Mexico faced an effective average tariff of 8.28% on $44.9 billion in exports to the US—among the lowest globally. This reflects shifting trade flows and sector-specific tariff
Developers, suppliers, and contractors can reduce their exposure to the tariff-related risks particular to BESS projects by employing strategies such as early procurement of
In summary, electrical energy storage in Mexico and other Latin American countries is in a phase of growth and development. The implementation of energy storage
Mexican exports face unprecedented challenges in 2025, with the scheduled implementation of 30% tariffs on August 1st representing the most significant trade barrier
Learn about the application of tariffs to Mexican exports, based on official statements and proclamations from the U.S. as of April
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Mexico, on the other hand, faces a 25% tariff on energy exports – such as its 450,000 barrels per day of crude shipments to the U.S. – unless those products meet USMCA requirements . Currently, 50% of Mexican goods and 38% of Canadian goods qualify for exemption under USMCA rules . Below is the timeline for implementing these tariffs.
Therefore, Mexican exports are not subject to the general 10 percent ad valorem tariff applied to all imports from other countries. However, Mexico is explicitly included in other tariff provisions targeting specific product categories, particularly under Sections 3 (d) and 3 (e) of the executive order.
Mexico’s import tariff structure in 2025 reflects a strategic approach to protecting domestic industries while maintaining competitive access to essential goods.
This estimate underscores the key takeaway: between January and June 2025, the impact on the U.S.–Mexico trade remains limited. From a fiscal perspective, there is no doubt that tariff policy has generated significant additional revenue for the U.S. government as Figure 20 shows; however, the intended use of these funds remains uncertain.