E-Motion: E-Mobility and Low Carbon Transportation

E-Motion: E-Mobility and Low Carbon Transportation

In Panama, Paraguay, and Uruguay, the transport sector accounts for a significant percentage of the countries’ total greenhouse gas (GHG) emissions. GHG emissions from the transport sector are anticipated to rise from present levels to nearly 50 per cent by 2050 unless major action is taken to change the transport emissions trajectory. This involves the development of integrated electromobility ecosystems across various transport modes, which take advantage of Latin America’s low-carbon electricity generation (primarily hydroelectric production and wind and solar power plants) and strong enabling environment for e-mobility. 

The Programme aims to strengthen the e-mobility conducive ecosystem at the local, national, and regional levels. It incorporates public and private sector vehicle fleet financing as well as technical assistance activities such as targeted policy advice, business model development, stakeholder management, and capacity building – all of which are gender mainstreamed. The project invests in large scale e-bus fleets, deployment of light electric commercial vehicles, and fast charging infrastructure. By doing so, it will accelerate the deployment of e-mobility solutions, reduce GHG emissions, and connect cities and communities in Panama, Paraguay, and Uruguay through clean, safe, and reliable transportation options.  

Total project value


Tonnes of emissions avoided




Result areas

Project timeline


17 Apr 2021 - 552 days

Funding proposal received

17 Apr 2021

Cleared by GCF Secretariat

05 Aug 2022

Cleared by iTAP

28 Sep 2022


20 Oct 2022 - 226 days so far

Approved by GCF Board

20 Oct 2022

Legal opinion on AE's Internal Approval

14 Mar 2023

FAA executed

17 Mar 2023

Under implementation


One region

  • Latin America and the Caribbean

Three countries

  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

GrantUSD 9,821,100
LoanUSD 66,795,450
Total GCF Financing
USD 76,616,550


Co-FinancingLoanUSD 121,991,550
Co-FinancingEquityUSD 30,443,000
Co-FinancingIn-kindUSD 1,765,700
Co-FinancingIn-kindUSD 216,000
Total Co-Financing
USD 154,416,250

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Corporación Andina de Fomento
Mr. Edgar Salinas

Executive Principal, Vice-presidency Sustainable Development
Edificio Via Esplanada, sala 201, SAF/Asa Sul, Quadra 02. Bloco D, CEP 700700-600, Brasilia, Brazil
Phone +55 (61) 2191-8624
Mr. Oscar Guevara

Executive Principal, Vice-presidency Sustainable Development
Boulevard Pacifica P.H. Oceania Business Plaza, Torre 2000 Piso 24, Postal Code:0832, Panama City, Panama
Phone +507 297 5378
More contacts

National Designated Authority

Ministry of Environment
His Excellency Milciades Concepción Primary
Minister of Environment
Building 804, Albrook, Panama
Mr. Bolivar Cañizales Secondary
Deputy Operational Focal Point, Head of the Department of Environment and Climate Change, Directorate of International Organizations and Conferences of the Ministry of Foreign Affairs
Phone (507) 511-4256
Ms. Ligia Castro de Doens Operational focal point
Operational Focal Point, Director of Climate Change of the Ministry of Environment
Phone (507) 500-0855
Ministry of the Environment and Sustainable Development (MADES)
His Excellency César Oviedo Verdun Primary
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay
Phone +595 21 287 9000
Mrs. Graciela Miret Martinez Secondary
Director of the Directorate of Strategic Planning
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay
Ministry of Environment
Ms. Natalie Pareja Primary
Climate Change Director
Zabala 1442, 4th FI, Uruguay CP, 11600, Montevideo, Uruguay