ANTIGUA AND BARBUDA ELECTRIC VEHICLE MARKET

INTRODUCTION

The smaller Caribbean islands offer the chance for an early transition to the low carbon commitment of the Paris Agreement thanks to their excellent and easily accessible wind, solar, and occasionally geothermal, and possibly marine renewable resources. Antigua and Barbuda is looking toward a future that is entirely dependent on renewable energy.

Antigua and Barbuda, like other islands in the area and internationally, is incredibly reliant on a wide range of imports. Fuels for energy production are also important, as they make up the majority of the energy mix.

The government has promised to use only renewable energy in the transportation and power sectors in order to comply with the Paris Agreement. Additionally, it presumes that the majority of new car registrations will be electric vehicles.

The change of the transportation industry and the use of electric mobility are key developments in Antigua and Barbuda's progress. On the island, an investigation into the technical viability and scope of electric mobility was made.

In addition, the Electric Vehicle Pilot Project with the donation of two school buses to the island. By switching from internal combustion engines to electric motors, significant data was acquired and more people were encouraged to drive cleanly.

ANTIGUA AND BARBUDA ELECTRIC VEHICLE MARKET  SIZE AND FORECAST

The Antigua and Barbuda Electric Vehicle Market  accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

RECENT PARTNERSHIP

In order to determine the viability of and create a transition strategy for an electric zero-emission bus and taxi pilot project, Wood is collaborating with the government of Antigua and Barbuda.

The initiative is a crucial step for Antigua and Barbuda in attaining its Nationally Determined Contribution (NDC) goal of having 100% of its government vehicles be electric while also lowering its dependence on foreign oil.

A road map for the selection and purchase of electric cars, including factors for total cost of ownership, route planning, and updated training for maintenance and operators, will be presented by Wood's zero-emission mobility team.

The work of Wood is a component of the Sustainable Low-Emission Island Mobility (SLIM) project, which is co-financed by the government of Antigua and Barbuda and supported by the Global Environment Facility (GEF).

The Ministry of Health, Wellness, and the Environment of Antigua and Barbuda is responsible for carrying out the SLIM project on behalf of the United Nations Environment Programme (UNEP).

The project will outline ideal standards and international best practices for regulating the importation of vehicles, managing the end-of-life handling of vehicles, installing public charging infrastructure, and providing training and logistics for the reuse or recycling of vehicles and batteries once their initial end of life has been reached.

COMPANY PROFILE

• Megapower Antigua
• Eaton
• Ecolab
• Omron Automation
• Wood

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perAntigua and Barbuda Electric Vehicle Market right now and how will it change in the next 5-6 years?
2. Average cost to set up an ElectricVehicle MarketinAntigua and Barbuda?
3. How manyAntigua and Barbuda Electric Vehicle Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aAntigua and Barbuda Electric Vehicle Market and key vendor selection criteria
6. Where is theAntigua and Barbuda Electric Vehicle Market  manufactured? What is the average margin per equipment?
7. Market share ofAntigua and Barbuda Electric Vehicle Market manufacturers and their upcoming products
8. The most important plannedAntigua and Barbuda Electric Vehicle Market in next 2 years
9. Details on network of majorAntigua and Barbuda Electric Vehicle Market and pricing plans
10. Cost advantage for OEMs who manufactureAntigua and Barbuda Electric Vehicle Market in-house
11. 5 key predictions for next 5 years inAntigua and Barbuda Electric Vehicle Market 
12. Average B-2-BAntigua and Barbuda Electric Vehicle Market price in all segments
13. Latest trends inAntigua and Barbuda Electric Vehicle Market, by every market segment
14. The market size (both volume and value) ofAntigua and Barbuda Electric Vehicle Market in 2022-2030 and every year in between?
15. Global production breakup ofAntigua and Barbuda Electric Vehicle Market, by suppliers and their OEM relationship