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our costa rica in brazil in the fast lane when it comes to mobility. brazil is latin, america's largest electric vehicle market. now, after years in this ashley and brazilian cities are looking to have a board to buy, electrifying their city bus fleets. meanwhile, sets of laws from the last decade or hoping to show that we're moving economic barriers in costa rica could be the power that the small country needs when it comes to wrapping up it's battery. electric engines, costa rica is a small country in latin america. we'll talk more about how that country increased the electric vehicle. i've taken a moment, but 1st i want to show you one of the rarest cars in costa rica. a converted electric car used to be a petrol vehicle. before being converted by these 2, started up founders, cesar gonzales sold us and emanuel castro. besides showing that

a conversion like this is possible. the co founders, other goal, is making the case that conversions of the existing fleets for companies or utilities makes economic sense. they say converting can be cheaper than buying a new e v. a little bit out of the mean we'd reduce price is, puts us in the sector of the market where there are people who may not be able to buy a new vehicle, but they can up for a converted to electric vehicle. baker, electrical competence as car and dizzy as themselves, the goal was to allow people to freedom to renew the vehicles they already have. but the pair say it's difficult to do these conversions and takes time of your mom and i kind of version can take about 3 or 4 months depending on the vehicle how complex it is, all like weight distribution and design that we have to do. so it's a whole study sourcing parts to fit the custom builders is also an issue, but the co founders hope that by showing off the handful of cars that they've already converted over the last year and a half, including the yellow, many closer we saw earlier that they can convince companies in cities to convert

their existing fleets instead of fine new. this is one of the thing, it's a fraction of the price saying if you compare cars like the mini cooper, the customer on the $13000.00 or on the now i may need to come straight out of the factory right now. that costs between $50.00 and $60000.00 here and then that as in glenn sutherland, i mean it's converting existing cultural cars. it's a fully electric ones is just one innovation. but back to those laws we told you about earlier. the way the law works is there are 4 different price brackets that each have different discounts. a car like this one gets 100 percent. if it's general sales, excise and customs value tax waived. that's because there's really geometry see starts at $27900.00 us d, but 0 percent of those taxes get waived for values above $60000.00. like for this car, the alexis, r z for 50 e, which falls into that most expensive bracket. the values between those 2 categories,

receive staggered productions. this is part of the costa rican government's attempts to remove financial barriers to make buying new electric vehicles more appealing in. well, if that's one of them, we know other countries have some restrictions or more taxes on combustion vehicles and punish that decision to purchase one. not in cost, sorry. costume and cost of a couple. yeah, no. this is sylvia rojas, she's the president of the latin american association for sustainable mobility. other perks include free parking in some areas and waving annual road permit fees. but how well is it worked? reportedly coaster because market share of electric vehicles is high. we had trouble confirming official figures, but one trade magazine. our tech says the electric vehicle market share. there is high in 2022 between 7.3 and 7.5 percent. compare that to official figures from canada, the us columbia, in brazil, for the same here with the law passed in

2018 revenue as in costa rica from the electric vehicle market with nearly 14000000 usd, that the markets rising as to just a market insights estimate it will be worth 321000000 by 2028 small compared to some of its neighbors. true, but not bad for a country like costa rica. but as the case here shows, there are plenty of people who can't afford or don't want to buy their own eaves. so how do we electrified their transport? the enter the humble bus just a few kilometers outside of south apollo is a production site for the company, a late draft. this brazilian company has been making electric, trolley buses for decades. but in recent years, they added 100 percent electric battery buses to their catalogue. these buses are already on the streets of the neighboring megacity sell pablo. lessons like this.

we have 85 percent of the pure electric market. that's how you get older vieira. the executive director of a lead draft, she can join us on site, so we hopped on a call. she knows the bosses are company produces are more expensive, so the initial investment has to be worth it for city officials in the long run. and also if we put buses that costs a $3.00 times more than these, the buses and they last less than 15 years and we would undermine the transport system not only in brazil, but in that in america. these buses must last at least 15 years in the system who will sustain up making sure buses last is critical here in south hollow for the city band to the purchase of new petro powered buses in 2022. let me see if it's on install apollo. the public transport system is composed of $12000.00 vehicles that run daily all over the city. they transport an average of

7000000 passengers. parents for comparison, has just over 2000000 residents and 4700 public buses. and earned the title is best city in europe for public transport last year. but in south hollow, which is 15 times the size of the front city of lights. and with nearly 6 times as many people, buses are a major part of the transportation network. it's going to be a heavy lift to meet the ambitious goal of increasing it's the fleet to 20 percent . reducing noise in pollution or additional benefits. the hitting national targets to reduce c o. 2 in line with the parents climate accord is a factor and brazil, like many latin american nations, has relatively green electricity, grid, american, latino, and latin america. 65 percent of electricity comes from green and renewable sources for different allowing this address for a boy though is the executive secretary of

a latin american energy organization. i use it. there are countries where renewables to account for nearly 100 percent of electricity, paraguay, uruguay, and it's some hours of the day she laid out a hold of india. many of the countries in this region have large hydro projects and other green energy sources, all contributing to a cleaner energy matrix, making this switch to electric vehicles more impactful. but this is not a simple swap over for one electric buses or more expensive. the portfolio will do things really think it has the initial investment cost. that's precisely because of the new technology, because i'm over at the conclusion you before the pandemic miranda estimates the initial investment was twice as much as a petrol bus. now folks are bothered to but we have observed that the battery electric vehicle was costing 3 times more than

a traditional diesel vehicle. he adds that new technology has also met adoption bottlenecks. as infrastructure like electric charging garages have to be installed for total more she's there has to be all the necessary logistics. because today, the logistics of diesel is much more consolidated as to because the garage is that where great volume of fuel is consumed, caught by each of the buses. today, the garage itself, the concession and company itself. they have their own pass and tanks, the large distributors, buy and sell them over to you. how about this tooth clubs? thanks bye. the cost and infrastructure. these are also problems faced by customers when buying personal vehicles around the world beyond transport. the entire city eco system has to be prepared. well, olaja claims that has big market share and electric buses and brazil. they're not the only players in the game. b, y d, a well known personal email you factor also produces electric buses and they're now going hard on expansion into latin america.

meanwhile, mercedes benz is actually doing business with the late tra where they are producing electric bus chassis is like these in brazil for companies like a later and others. the company says it already has $250.00 chassis is circulating itself, although we believe it's just the kids off the bus. that's a him who shared. he's the president, mercedes benz, brazil, and the ceo of mercedes benz latin america. so we see a stronger need in public transportation and be expected also a year and that's in america to grow. so you can see it was 2030 and i think in general use understand like was one boss who can capture 50 cars. while the personal ag market relies heavily on imports to share, it says increasing domestic production for electric buses will be important. or

i think it's a great opportunity though that maybe is missed at the moment because if you have some natural resources that allow hydrogen production or if he has the ingredients for at least you like for instance, mentioned to you also. but as a reproduction of easily, the coach puts us to united with low feet in the end of the for the you don't watch . and so, you know, they're not when you're in part of the components of the vehicles. but you should rather see that he would do better open open industry, and then utilize the natural resources in different countries. just like with personal electric vehicles, increasing domestic solutions is seen as critical for the future production of the buses. so our costa rica and brazil in the fast lane when it comes to e mobility, government policy and costa rica is one contributing factor to an uptake and the purchasing will start ups like electro convergeone. as that goes to rico hope that they can push a different bracket of car owner to be able to sport green license plates like

these. meanwhile, mega cities and brazil are investing more in electric buses, which capitalize on rich and diverse green energy sources. but even though the speed is picking up the road is along one the cost cost about does not. why does that mean? because now i'm leaving the new host to join us for an exciting explanation of everything in between the moses a video and audio production by d w. i hope that you will tune and get your updated

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