Why should Bangladesh invest in electric vehicle manufacturing?

The project also includes installing charging stations at petrol stations nationwide. Bangladesh’s investment in electric vehicle manufacturing is a significant milestone, demonstrating its commitment to sustainability and ambition to excel in the EV market. This move will reduce fuel dependence, boost the local economy, and create jobs.

What is Bangladesh's first electric car factory?

Bangladesh Auto Industries Limited (BAIL), a subsidiary of Mango Teleservices, is spearheading the endeavor, investing Tk 1,440 crore to build the country’s first electric car factory in Bangabandhu Shilpa Nagar Economic Zone, Mirsarai, Chattogram. The plant is reportedly on track to commence production by March 2024.

Is energy storage regulated in Bangladesh?

For example, the Bangladesh Energy Regulatory Commis-sion (BERC) Licensing Regu-lations 2006 do not include rules for licensing of energy storage technologies (except for pumped storage). The institutional framework for the procurement and deploy-ment of such projects is well established in the country.

Who is deploying EV charging stations in Bangladesh?

Various power sector agencies including Bangladesh Rural Electrification Board (BREB) and West Zone Power Distribution Company Limited (WZPDCL) have already deployed EV charging stations, as have various private investors (including SolShare).

How much energy storage does Bangla-Desh need?

120GW of RE generation. If a similar ra-tio were to be considered for Bangla-desh’s short-term RE aspirations (~1GW in the next three years), the re-sulting energy storage requirements would amount to 250MW/ 500MWh of energy storage.

Will Bangladesh's first lithium battery plant strengthen its industrial sector?

Ali Reza Iftekhar, managing director and CEO of Eastern Bank, which is the mandated lead arranger for the loan, said the establishment of Bangladesh's first lithium battery plant will not only strengthen Bangladesh's industrial sector but also aligns with the global shift toward clean and sustainable energy solutions.