As our team began the project in Colombia, we've met many organizations and companies that were interested in initiatives to protect the environment. Acknowledging a growing clamor to safeguard the country’s valuable flora and fauna, the Ministry of Environment unveiled its Programa Infraestructura, which includes the building of roads that can provide power to electric vehicles.
Over the past several years, there has been a consistent rise in the demand for electric vehicles because of a growing awareness of the connection between carbon emissions, global warming and climate change. Amid this global crisis, Colombia recognized that it did not have the technology to address such environmental challenges. So, the government wants to develop so-called 4G roads, which will integrate the country’s transport infrastructure and link vital industrial centers and major ports.
Although the initiative has encountered delays since it was launched in 2014, momentum has grown as more electric public transport and vehicles ply the streets of the capital Bogota.
Forecasts by automobile importers indicate that by 2023, the number of electric and hybrid vehicles, whether they be private or public, will double at the very least. The government is encouraging consumers to by “green” cars by not imposing any taxes or duties on them.
With this long-term vision, Colombia’s government, with the support of various groups, has created a new area for growth for the automotive sector and the rest of the economy, which should be welcome news for foreign investors around the world in search of promising opportunities.