The Caribbean region consists of several countries with a combined population of over 15 million persons and combined GDP of over $50Bn USD. The majority of plant and equipment in use is powered either by diesel or gasoline engines.
While electric, LNG and CNG vehicles are available in some Caribbean countries, pricing remains expensive and there is a lack of infrastructure for charging and fueling. As such, these vehicles make up a small part of the motor vehicle market. Without significant changes in pricing, infrastructure and regulation, diesel and gasoline engines will remain dominate for many years to come.
In the interim, more needs to be done in terms of getting the most out of the least amount of traditional fuel consumed, as well as being mindful of the environmental impacts of same. This represents a significant opportunity for manufacturers with proven Fuel and Fleet Management solutions who wish to enter the Caribbean market, but have limited experience and/or knowledge of the Caribbean region. By partnering with Us, we can open new markets for you.