SLYOU Magazine Issue 2 | Page 28

BUSINESS CORNER Joanna Edghill, managing director of Megapower, poses for a portrait with one of her company’s electric cars in Bridgetown, Barbados` BRIDGETOWN, Barbados (Thomson Reuters Foundation) -- With her foot down to show off the acceleration of the zippy electric car, Joanna Edghill spins around the car park before plugging the vehicle into a charging point beneath rows of solar panels converting Caribbean rays into power for the grid. “We have at least 220 days of pure sunlight every year, so why not take advantage of the resources that we do have here?” she added. Burdened by a costly dependence on imported fuel for energy, Barbados and many other Caribbean islands are considering boosting the number of electric vehicles on their roads. In the five years since she and her husband started their company Megapower, it has sold 300 electric vehicles and set up 50 charging stations plus a handful of solar car- ports on the 21 mile-long (34 km) island of Barbados. But they face barriers, including high initial costs, stiff import duties on electric vehicles and a lack of regulatory support, say people working in the sector. They are now expanding elsewhere in the Caribbean. “The main factor with islands is we don’t have range anxiety. I can develop and roll out a charging network in Barbados where customers are never more than a few kilometers from a charging point,” said Edghill, who previously worked in international development. Globally, the number of electric vehicles topped 3 million in 2017, according to the International Energy Agency (IEA), which predicts there will be 125 million in use by 2030. That figure could go as high as 220 million if action to meet global climate targets and other sustainability goals becomes more ambitious, says the IEA. More research, policies and incentives are needed to drive further uptake, it notes. 26 SL-YOU | It’s All About Business In Barbados, the island’s electricity utility, government departments and private firms are among the customers buying the lefthand- drive electric cars and delivery vans Megapower imports from Britain, said Edghill. It has also built solar car-ports, which power charging points, for the Barbados arm of courier giant DHL and the government of St. Vincent and the Grenadines. Megapower’s other solar panels feed into the grid, offsetting the equivalent of the non-renewable power used by 400 electric cars. “The Caribbean is ripe for the electrification of transportation,” said Curtis Boodoo, assistant professor at the University of Trinidad and Tobago who also works on electric vehicles with the CARICOM regional group of 15 countries. “If you invest in electric vehicles, you are able to use your existing electrical infrastructure and save the costs of the transportation fuel that you have to import,” he said. www.slyoumag.com | September-October 2019