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)
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IRENA. (March 9, 2022). End-use technology costs for electrification in Central America from 2018 to 2050, by sector (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 19, 2024, from https://www.statista.com/statistics/1301952/end-use-technology-costs-electrification-central-america/
IRENA. "End-use technology costs for electrification in Central America from 2018 to 2050, by sector (in billion U.S. dollars)." Chart. March 9, 2022. Statista. Accessed May 19, 2024. https://www.statista.com/statistics/1301952/end-use-technology-costs-electrification-central-america/
IRENA. (2022). End-use technology costs for electrification in Central America from 2018 to 2050, by sector (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 19, 2024. https://www.statista.com/statistics/1301952/end-use-technology-costs-electrification-central-america/
IRENA. "End-use Technology Costs for Electrification in Central America from 2018 to 2050, by Sector (in Billion U.S. Dollars)." Statista, Statista Inc., 9 Mar 2022, https://www.statista.com/statistics/1301952/end-use-technology-costs-electrification-central-america/
IRENA, End-use technology costs for electrification in Central America from 2018 to 2050, by sector (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1301952/end-use-technology-costs-electrification-central-america/ (last visited May 19, 2024)
End-use technology costs for electrification in Central America from 2018 to 2050, by sector (in billion U.S. dollars) [Graph], IRENA, March 9, 2022. [Online]. Available: https://www.statista.com/statistics/1301952/end-use-technology-costs-electrification-central-america/