Latin America remains one of the largest EV markets with immense potential to extensively increase global EV deployments. With countries such as Chile, Mexico, Brazil, and Colombia actively taking part in driving the transportation industry towards carbon neutrality through partaking in initiatives such as the Zero Emission Bus Rapid-deployment Accelerator (ZEBRA), a global initiative aimed at providing cities in Latin America with a total funding of over $1 billion to deploy over 3,000 electric buses, the region is on its way to becoming a significant member of the carbon-neutrality global alliance.
In order to further support for carbon neutrality, the government of Chile has recently released and adopted its national strategy for electromobility. The strategy states three stages of action, set between 2035 to 2045, in which different classes of vehicles are set to be sold with only zero-emission propulsion systems. One of the main goals of the strategy is for all light and medium vehicles sold, all public transport (buses, taxis and shared taxis) and heavy machinery sales to be emission-free by 2035. The strategy also states that from 2045 onwards, all new vehicles for long-distance passenger transport and land freight transport – i.e. long-distance buses and trucks – should also be emission-free. From 2040, agricultural machinery is also to be emission-free.
The initiative, named Resolution N°8/2022, is aimed at establishing strategic guidelines, such as specific measures and goals, which support faster and sustainable electromobility development in Chile. The Energy Ministry will also create an Advisory Commission to advise on the process of updating the strategy. The Commission will convene every five years in order to carry out a review of the strategy.
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