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Consumers to rake in benefits from EV expansion
Jul 22nd, 2022 | Category: EDITORS' FORUM | 7:19#JamaicaGleaner #VernonDouglas #JosephWilliams #MichelGantois #ElecticVehicles #JPS #EditorsForum Senior executives of the country’s monopoly power distributor have downplayed potential earnings from the installation of electric-vehicle charging stations across Jamaica, noting, instead, that it is a “bullish” investment to bring down the cost of electricity. Already, the Jamaica Public Service Company (JPS) has installed eight of 10 committed charging ports, and has indicated that the number may grow with the expectation of an increase in electric-vehicle imports. However, President and CEO Michel Gantois told last week Thursday’s Gleaner Editors’ Forum that the company is not expected to make a “bonanza”, but could not disclose profit projections.
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