Electric vehicles are a critical part of a clean transport agenda, but strong policy incentives are needed to promote widespread EV adoption in Latin America.
As Latin American countries reassess their energy policies in light of lower oil prices, there is an opportunity to apply lessons learned from the US experience to enact regulations that mitigate environmental risks, strengthen public support, and attract investment.
Addressing Latin America’s transportation challenges requires an integrated approach that includes stemming the growth in demand for private vehicles through the improvement of public transportation systems and non-motorized forms of transport; raising the levels of fuel efficiency and fuel quality; and diversifying fuel sources.
Although electric mobility is at an early stage in Latin America, several cities have made significant advances. This new report addresses a number of critical questions about electric transportation in Latin America, drawing on case studies of six urban electric car and bus markets that have seen among the fastest growth in the region.
At the Fourth Annual Latin America Clean Transport Forum on September 27, government officials, private sector leaders, and international researchers gathered in Buenos Aires to discuss the challenges and opportunities for electric vehicles and what global and regional lessons can be used to foster their growth in Argentina.
Electric mobility would bring a host of benefits to Latin America. Countries like Chile are taking the lead in adopting electric buses and promoting private use of electric vehicles. Yet hefty price tags and a lack of charging infrastructure are among the barriers that must be surmounted for widespread uptake in the region.