Similar to many other nations, Panama is making efforts to reduce its dependency on fossil fuels and reduce its greenhouse gas (GHG) emissions, improving the overall sustainability of its energy infrastructure and moving toward the objective of energy independence.
With a focus on the transportation sector’s emissions, which account for a significant portion of GHG emissions, the federal government has set out a path in the Plan Energetico Nacional to achieve this aim.
Countries all around the world are focusing on electric vehicles (EVs) as a potential strategy to reduce GHG emissions.
The president of Panama approved a new law promoting electric vehicles as part of a larger initiative to cut greenhouse gas emissions, encourage the use of renewable energy sources, and advance sustainability.
Only two vehicle distributors in Panama now carry EVs: BMW and BYD. This is due to a combination of a lack of laws providing incentives and a lack of consumer desire.
Despite employing a variety of strategies to advance EV technology, including the construction of charging stations and the execution of EV pilot projects, it is unlikely that these two companies’ efforts will significantly affect the market share of EVs in the near future.
The Panama EV Charger 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.
Evergo offers the Dominican Republic and Panama’s largest network of EV charging stations.The Evergo technology platform aims to set up car charging stations in Panama and the Dominican Republic.
With the official launch of Evergo, the most advanced and extensive network of electric charging stations in the region, in the Dominican Republic and Panama, InterEnergy Group, through its innovation division InterEnergy Systems, joins electric mobility.
Evergo’s main goal is to give owners of electric vehicles the assurance that they can reach their destination from anywhere in the nation.
The president of InterEnergy Group stated during a virtual event hosted by the group’s top executives: “Their business idea was born with the objective of simplifying the conversion to electric mobility in order to jointly contribute to a more sustainable future.
The importance of leaving a legacy that ensures a more sustainable future for everyone makes this one of our team’s greatest undertakings, and he has a special fondness for it. And they are not working alone on this task.
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