Central America: electrification technology costs

Under a Decarbonizing Energy Scenario, technology costs adding up to roughly 500 billion U.S. dollars would be needed for electrification of end-use sectors in Central America during the 2018-2050 period, according to a study. The electric vehicles sector is expected to have the largest technology costs, at nearly 400 billion dollars, or 80 percent of the total. In contrast, technologies associated with heating and cooking in commercial buildings are estimated to amount to some 500 million dollars.

End-use technology costs for electrification in Central America from 2018 to 2050, by sector (in billion U.S. dollars)

Characteristic	Costs in billion U.S. dollars
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Release date

March 2022

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Region

Central and South America

Survey time period

2022

Special properties

Considering a Decarbonizing Energy Scenario (DES)*

Supplementary notes

* The Decarbonizing Energy Scenario (DES) discusses alternatives to further reduce CO₂ emissions in the energy system, as much as the energy context of countries allows, in addition to suggestions provided during the engagement process. This is not necessarily a net zero scenario by 2050.

Electric vehicles includes the acquisition costs of electric motorcycles, cars, SUVs, Vans, minibuses, buses and small and large trucks. Transport Infrastructure includes the acquisition cost of private and public electric vehicles chargers. Cooking includes the acquisition costs of electric stoves. Heating includes the acquisition cost of electric heaters.
Figures have been rounded.

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