Electromobility study presented in Costa Rica

San José, July 29, 2019.- The Central American Bank for Economic Integration (CABEI) through the Project "Accelerating Renewable Energy Investments in Central America (ARECA)" granted the Costa Rican Institute of Electricity Non-Reimbursable Financial Cooperation denominated "Technical-Financial Feasibility Study for Investments in Electromobility Technologies, Using Renewable Energy in Costa Rica;” the study results were announced today.

During a training session held on the methodology and tool used in the development of the study, CABEI Country Manager for Costa Rica, Mauricio Chacón, offered details that will determine the financial profitability of supporting the use of electric transportation and procurement of cars, microbuses, buses and cargo vehicles, in accordance with the sustainability plans of the Costa Rican Government.

The study results will enable technical-financial support for the promotion and creation of bank intermediation solutions that cover the current needs of the renewable energy sector, and at the same time, foster new investments and markets for the placement of the energy generated with renewable sources in the country.

Likewise, CABEI expects that these actions will lead to a sustainable future for Costa Rica, improve the quality of life of inhabitants and foster environmental protection.

The training also provided an opportunity for discussion on such issues as electromobility as one of the priority axes of the country; the basis of provisions established by the law on the use of electric vehicles; the boost to energy with zero emission technologies that do not feature a combustion engine; and the promotion of technological vehicles, clean energy, as well as the reduction of greenhouse gases (GHG) through the use of such vehicles.