With their borders opening up and oil an expensive import there could be a real opportunity for them to leverage their EV platform, that is if they can get the cost down enough to make it viable.
Now would that not be a fantastic PR campaign for Chevrolet. "Tearing down Communism one EV at a time" they could do a mini series about the hardships of building charging infrastructure in Havana or something...The question remains of charging the cars’ lithium-ion batteries. While the technology easily enables the cars’ 30-mile to 35-mile range, and electricity is still less expensive than imported oil, charging stations are critical to the project.
Cuba has long struggled with high oil prices, and has for years participated in Venezuela’s “Petrocaribe” discount program, started in 2005, selling oil to 13 Caribbean countries at discounts between 40 percent and 60 percent. The balance of the price, however, is still due, although financed at favorable interest rates over 25 years. But the recent collapse in oil prices has left Venezuela, already economically and politically troubled, grasping for cash. Cuba owes Caracas $14 billion.
“The Cuban government is very vulnerable right now … [it is] totally dependent on Venezuela for the majority of their oil,” Mr. Felder said. “Renewable energy is the answer and they have an action plan to reduce their dependence.”