Promotion of Electric Vehicles in Cabo Verde
As of: August 2020
Objective and activities
The Government of Cabo Verde identified the promotion of electric vehicles as one of the main activities required for reducing the road transport-related greenhouse gas emissions (GHG) as well as local air pollution and noise. The project aims to support the government in further developing and implementing its strategy for the promotion of electric vehicles. An Electric Mobility Facility (EMF) will facilitate investments into electric cars and buses, as well as charging stations, primarily through rebates. The budget of the NSP is EUR 7,186,646, out of which 56% are allocated to the EMF. The funds will leverage contributions from Cabo Verde of EUR 5.4 million, as well as public and private investment in electric vehicles and charging stations of approx. EUR 12.3 million. The direct emission savings over the lifetime of the technology are expected to amount to 19,890 t CO2, along with the generation of considerable co-benefits, including reduced air pollution and noise.