The Tribune

The Bahamas Development Bank (BDB) has expanded its eco-friendly transportation drive by teaming with ICON Bahamas to offer businesses 100 percent financing for their electric car purchases.

The BDB, fresh from unveiling electric vehicle financing partnerships with Easy Car Sales and EV Motors, said in a statement that its latest tie-up aims to provide cost-efficient, eco-friendly transportation solutions for a wide range of industries ranging from hospitality and retail to logistics and tourism.

Nicholas Higgs, the BDB’s managing director, said: “By partnering with ICON Bahamas, we are offering businesses the opportunity to upgrade their operations with electric carts that are efficient, sustainable and versatile. With up to 100 percent financing available, businesses can reduce operational costs and move towards more environmentally-friendly practices.”

ICON Bahamas’ electric carts can be used to transport passengers, goods, equipment and materials, offering businesses a smart alternative to traditional vehicles. These low-maintenance, zero emissions vehicles can serve businesses where there is frequent movement of staff and guests across large properties, such as resorts, commercial centres and industrial sites.

“We believe that these carts will bring significant value to businesses throughout The Bahamas,” said Dave Munroe, the BDB’s deputy managing director. “They provide businesses with a reliable and sustainable option, allowing them to cut costs while enhancing their operational efficiency.”

Sumayyah Cargill, the BDB’s strategic development and initiatives manager, added: “Whether it’s for small businesses or large-scale enterprises, electric carts offer a way for companies to streamline operations and reduce costs while aligning with sustainability goals. This initiative reflects our commitment to supporting businesses in driving growth and embracing innovative solutions.”

“ICON Bahamas offers a variety of electric golf carts for recreational and commercial use. We provide end-to-end support, inclusive of assembly, customisation, sales, service, maintenance and warranty,” added Jason Higgs, ICON Bahamas general manager. “As a Bahamian owned and operated company, we are thrilled to be a part of this initiative alongside the BDB team and make these alternatives more accessible to our local community.”

The BDB added that the 100 percent financing for electric carts initiative will enable local businesses to invest in an eco-conscious transportation solution that drives operational success and sustainability.