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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Guyana already has approximately 116 electric vehicles (EVs).
More than 100 electric vehicles are currently operating in Guyana, signaling a gradual shift toward electric mobility.
Additionally, there are plans to collaborate with the government to create a "electric mobility" roadmap that will direct the local electric vehicle industry's growth.
The public authority has proactively diminished the duties for electric vehicles.
Instead of being powered by gasoline, electric cars are driven by an electric motor.
Additionally, a controller is used to retrieve the electric motor's energy, adjusting its power level in response to the driver's use of the accelerator pedal.
Batteries that can be recharged power these vehicles, which can also be used to power other features like the wipers and lights.
Charging stations would be required to supply the expanding industry because these automobiles are powered by electricity rather than gasoline.
The Guyana Electric Vehicle Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Guyana's automotive transition's first major step is getting closer. As part of a pilot project, the Guyana Energy Agency (GEA) anticipates the first charging stations for electric vehicles (EVs).
Six charging stations, which will be distributed along the coast, are part of the project. Flash Motors Company Limited of Jamaica received the contract.
Six charging stations will be built by GEA and the Guyana Power and Light (GPL) partnership.
Although the establishment of the first charging stations serves as a catalyst, the government does not anticipate a widespread importation of EVs at this point.
Guyana intends to accomplish this by enhancing the electric grid's capacity to integrate high levels of intermittent renewable energy and encouraging the growth of the electric vehicle industry in order to replace fossil fuels with electricity.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |