Speakers called for adoption of Electric Vehicles (EV), saying that EVs are cost-efficient and greener compared to Internal Combustion Engine (ICE) vehicles, which run on fossil fuels such as gasoline that heat the internal combustion engine of the vehicle.
Totally or partially fueled with electricity, EVs are often considered to be the most sustainable form of motorized transportation. From an economic standpoint, EVs and hybrid vehicles provide cost savings as an incentive over traditional fossil fuel vehicles, they observed.
“In the context of Bangladesh, EVs hold an answer to solving the power overcapacity conundrum, which can be mitigated through the adoption of electric and hybrid vehicles. According to the Bangladesh Power Development Board, only 40% of the power generation capacity is currently being utilized in Bangladesh. ”They spoke while addressing a virtual event titled “Pioneer EV Businesses in Bangladesh” aimed at creating awareness and promoting the pioneering EV-adoption cases in Bangladesh.
Lightcastle Partners, a business consulting firm in Bangladesh, and Ricardo, a global strategic consulting firm, on Thursday afternoon jointly organized the event, which was conducted from LightCastle’s Gulshan office.
This event is part of the UK Government-funded ‘’Road to a Green Bangladesh‘’ project, which is surveying the local uptake of EV in the current circumstances.
The event was moderated by Mehad ul Haque, Project Manager & Senior Business Consultant of Lightcastle Partners.
Mate Antosik, Programme Coordinator at Ricardo, shared the overview of the programme.
While giving welcome remarks and keynote presentation, Ivdad Ahmed Khan Mojlish, Co-founder & Managing Director of LightCastle Partners, stated, “We have been seeing the emergence of electric vehicles not just in European countries but in Asia too.”
Dr. Fahreen Hannan, Founder, Dhaka Cast; Jakirul Islam, Senior Vice President, Bank Asia; Syed Saif (Founder and CEO, Lily; are among the speakers.
Five prospective startups --Advanced Dynamics, JoBike, DhakaCast, Lily, and SOLshare--presented their interest and future plans as well as the possibility and benefits of nationwide EV implementation.
