Global Financing and Procurement Models

The market for two-and-three-wheelers is growing in Africa and the Latin America region but there are still many challenges in terms of procurement and financing.

This article will:

• Describe models and financing programs that have been implemented in some African countries
• Show examples of initiatives and financing models that have been implemented in Latin America.

Models & financing programs in Africa

African Development Bank (ADB) loan program

The ADB launched a loan program in 2016 to finance the purchase of electric two-and-three-wheelers in Africa. The program provides loans to companies and individuals for the purchase of these vehicles and finances the construction of charging infrastructure.

Electric motorcycle leasing program in Kenya

Ecotranzit in Kenya offers a leasing program for electric motorcycles through a mobile app. Customers can lease the motorcycles for a set period of time and make payments through the app.

Electric motorcycle financing program in Uganda

In Uganda, Naseem Auto Technologies offers financing for the purchase of electric motorcycles through a network of dealers. Customers can make a down payment and the remainder of the cost is divided into monthly payments over a set period.

Tax incentives in Morocco

The Moroccan government has introduced tax incentives for two-and-three-wheelers, including tax exemptions for the purchase of these vehicles and the construction of charging infrastructure.

Electric three-wheeler usage in Africa. Expo 2020 Dubai (2022)

Models & financing programs in Latin America

Financing program for electric motorcycles in Argentina

Volt Motors in Argentina offers a financing program for the purchase of electric motorcycles, with payment plans tailored to the customer’s needs.

Incentive program in Mexico

The Mexican government has launched a tax incentive program for the purchase of electric vehicles in general, including two-and-three-wheelers.

Tax incentives in Colombia

The Colombian government has also launched a tax incentive program for the purchase of electric vehicles in general, including electric motorcycles.

Leasing program in Chile

Enel X in Chile offers a leasing program for the purchase of electric vehicles, including electric motorcycles.

Electric bike usage in Baja California, Mexico. Fun Cabo (2023)

Conclusion

These are just a few examples of financing models and programs for electric two-and-three-wheelers that have been implemented in Africa and Latin America.

Each country has its own challenges and opportunities, so programs and solutions must be tailored to the specific needs of each market.