Mintransporte activates credit line for $14.8 billion to finance electric taxis in Colombia
What did the authorities say about this fact? Photo: Bogotá Mayor's Office.
TL;DR
- Colombia's Ministry of Transport has introduced a $14.8 billion credit line for taxi owners to switch to electric vehicles.
- The credit line provides up to $92 million per electric taxi, with a maximum five-year term and a three-month grace period.
- The program is a collaboration with Bancóldex and the National Guarantee Fund (FNG), which will subsidize 100% of the guarantee commission cost.
- It is aimed at individual owners and small holders of up to three taxis participating in the FOPAT program.
- The initiative seeks to accelerate the modernization of the public individual service vehicle fleet and promote clean energy transition.