CABEI successfully completes business forum in Washington, D.C., creating synergies to introduce electric mobility in Central America

Washington, November 21^st, 2022.- Creating synergies between regional leaders and high-level entrepreneurs from the member countries of the Central American Bank for Economic Integration (CABEI) with prominent U.S. officials and leading companies in electric mobility, the Business Forum organized by the multilateral "Introducing Electric Mobility in Central America" successfully culminated on Monday with the objective of identifying and generating joint business opportunities to promote the production and use of clean forms of transportation in the region.

"Most of Central America's CO2 emissions come from the transportation sector. A recent report by the International Renewable Energy Agency noted that, to meet aggressive decarbonization targets, the region should have around one million electric passenger vehicles on the road by 2030 and, at the moment, we only have a couple of thousand.

Therefore, as the region's Green Bank, we are making more than US$600 million in green bonds available with the support of our partners in Germany and the European Union, but we need more allies to join us so that this transition to clean economies with the appropriate technology becomes a reality and thus ensure that we build a foundation for the future," said CABEI Executive President Dr. Dante Mossi during his opening remarks at the event.

The Forum featured several lectures on the U.S. Perspective on Electric Mobility by Geoffrey Pyatt of the Bureau of Energy Resources of the U.S. Department of State; Strategic Vision of the Electric Mobility Market by Landon Derentz of the Atlantic Council; and the panel "Opportunities for Electric Vehicles in Central America" was held, with the participation of Roberto Herrera of Interenergy/Evergo/AMCHAMDR, Dilip Sundaram of Arcimoto, Joseph Comiskey of Raglan, and Anna Coby of USTDA.

There was also an exhibition of high-quality electric vehicles from their U.S. manufacturers, such as Tesla, General Motors, Navistar, Cenntro and Arcimoto, as well as innovative technological solutions such as Raglan and Blink Charging.

CABEI is currently promoting different projects in Central America, Panama and the Dominican Republic that include urban mobility and logistics in the private and public sectors, as well as initiatives to promote clean and efficient energy generation, cleaner production and the introduction of electric fleets in the business sector.