Opportunities for Electric Ferries in Latin America

Abstract

This report provides an overview of the opportunity represented by the electrification of inland and coastal ferries in Latin America and the Caribbean. A review of electric ferry activity around the world and interviews with several project teams has been undertaken. In addition, a construction of an economic model the LATAM e-Ferry Model (LEFM) comparing the capital and operating costs of a typical mid-sized electric ferry to those of a conventional diesel-powered ferry was implemented. Finally, an assessment of five initial candidate routes for electrification and analysis of the electric ferry supply chain and identification of addressable market size in Latin America was determined.