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The Caribbean has been advised to “get started on the Regional Electric Vehicle Strategy” as major car manufacturers seek to expand the range of electric vehicle options available to drivers.
people attended a recent virtual meeting between the Energy Unit of the CARICOM Secretariat and the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE), where they talked about innovation opportunities and the reality in the Caribbean.
A form of transportation that runs on electricity is known as an electric vehicle (EV).
Electric cars and trucks use an electric motor that is powered by electricity from batteries or a fuel cell, as opposed to traditional vehicles that use a gasoline (petrol) or diesel-powered engine.
The Grenada 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.
Stakeholders in the energy and transportation sectors were charged not to wait until a comprehensive plan is available and perfect conditions are available in order to get started on the Regional Electric Vehicle Strategy.
When choosing between purchasing an internal combustible engine vehicle and an electric vehicle, participants cited cost as the most important consideration, calling for regional coordination in the strategy’s development.
The Grenada government stated that it was “finalizing plans” to implement a ban on the importation of vehicles older than ten years “while simultaneously implementing a duty and tax concession on the importation of electric and hybrid vehicles.
” This was in reference to initiatives that “protect the environment.” The duty and tax concession “is not yet published,”
