Electric vehicles are the future

THE EDITOR, Madam:

Global electric vehicle (EVs) sales reached a record high of 6.3 million units in 2021, or 102 per cent higher than 2020, with this number expected to rise to 26.8 million units in 2030, according to the latest analytics from S&P Global Platts.

In Jamaica, there are emerging signs that consumers are warming up to move with the technology. This is based on the following:

1. The country has set a target of 16 per cent of public transport vehicles and 12 per cent of overall vehicles being electric by 2030.

2. The Government is reducing import duties on these vehicles from 30 per cent to 10 per cent for a five-year period.

3. Car dealers have been offering EVs options.

4. Charging stations are visible at some supermarkets, pharmacies, etc.

It is now necessary for building codes to be amended to reflect the shift in policy. All homes, apartments, and commercial buildings should have the infrastructure to facilitate the charging of vehicles. All new NHT developments should include a car-charging station.

In fact, this should be a mandatory requirement for all prospective buildings going forward.

Our tax codes must also be reimagined to incentivize existing taxpayers to purchase these vehicles. An electric car tax credit may be the way to go. Businesses should also enjoy some tax credit for installing charging stations for its staff and customers. Advanced capital allowances could be considered.

Giving the current geopolitical environment, we must fast-track this policy shift to the nation’s comprehensive benefit.

Let us ensure the development is wide-ranging and joined-up, so that we do not keep ‘putting the cart before the horse’.

PAUL LYN, JP