The Bahamas Development Bank (BDB) has partnered with EV Motors to offer an exciting financing opportunity for micro, small, and medium enterprises (MSMEs) across The Bahamas. This collaboration, part of BDB’s Green Lending Program, is an innovative financing initiative designed to support the purchase of electric vehicles (EVs) for commercial and fleet use. Through this program, eligible businesses can access up to 100% financing, empowering them to adopt clean, energy-efficient transportation solutions that reduce their carbon footprint and lower fuel costs.
This partnership marks a significant step in advancing EV adoption in The Bahamas. Nicholas Higgs, Managing Director of BDB, emphasized the strategic importance of the collaboration, stating: “The Bahamas Development Bank’s core purpose is to support the sustainable economic development of The Bahamas. Our collaboration with EV Motors underscores BDB’s commitment to promoting low-emission transport options. We encourage business owners to take advantage of the expanded lineup of commercial and fleet vehicles now available through EV Motors.”
During a recent visit to EV Motors on Tonique Williams-Darling Highway, the BDB team explored a range of commercial electric vehicles, gaining firsthand insight into the advanced technology and efficiency that each model offers.
Donnovan Klue, General Manager of EV Motors Bahamas, expressed enthusiasm for the initiative, stating: “We are excited to support Bahamian businesses in transitioning to sustainable, cost-efficient, and future-ready transportation. As the official distributor for Karry Commercial Vehicles, EV Motors Bahamas offers a growing selection of high-performance electric commercial vehicles, including the Karry Cargo Van and the Karry Elephant X7 truck—ideal for industries such as delivery, agriculture, and trade services. Looking ahead, we are excited to introduce our 2025 models, featuring flatbeds and box trucks from Karry Commercial International. With our full-service approach—from financing through the Bahamas Development Bank to robust after-sales support—EV Motors Bahamas is committed to leading the charge toward a greener future.”
Sumayyah Cargill, Executive Manager of Strategic Development and Initiatives at BDB, highlighted the importance of this partnership, stating: “This is a collaboration we are truly excited about. Expanding vehicle options for business owners is a significant milestone. It’s encouraging to see Bahamian entrepreneurs being empowered with more sustainable and cost-effective choices. What’s even more inspiring is witnessing the growing embrace of electric vehicles—not just as a business decision but as a commitment to a cleaner, more sustainable future for The Bahamas.”
This initiative reinforces BDB’s dedication to fostering sustainable development while helping businesses thrive in an evolving marketplace. By enabling MSMEs to transition to cost-effective, environmentally responsible transportation, the partnership also supports national sustainability goals.
The Bahamas Development Bank and EV Motors look forward to seeing widespread EV adoption across the country and the positive impact this initiative will have on both the business community and the environment.
