“New and disruptive technologies such as electric mobility hold promise for greenhouse gas reductions, but there are challenges to be solved, including regulation, infrastructure and fiscal implications,” said Franz Drees-Gross, World Bank director for transport.
The World Bank in association with UITP—the International Association of Public Transport, and the Energy Sector Management Assistance Programme (ESMAP)— released a report at the underway COP24 titled Electric Mobility and Development, which reveals that developing countries also stand to benefit significantly from electric mobility (eMobility).
The report lays out basic principles for eMobility programmes that respond to the climate, economic, fiscal, technical, institutional, and policy circumstances of different countries.
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According to the stated Dress-Gross: “This paper is an important contribution to helping both developed and developing countries develop eMobility as a complementary element of their broader transport, energy, and climate strategies.”
Roadmap for eMobility
There are currently an estimated 3.1 million passenger electric vehicles on the road globally, according to the OECD and IEA, and China alone accounts for 1.48 million.
More broadly, numerous countries and cities have already adopted commitments to phase out internal combustion engine technologies, and most top global automotive companies have committed to research, invest and scale up eMobility.
However, eMobility supply chains have yet to achieve industrial scale on par with conventional technologies. The technology will disrupt jobs, companies, and entire industry clusters. Read more: The journey for EV has hardly begun
To tackle some of these challenges, the paper outlines basic principles countries should consider in their eMobility strategies.
Key program design features include the need for a good understanding of market segments and their sensitivity to governmental incentives, the central role that public transportation needs to play, as well as the enabling and complementary factors such as charging infrastructure, and policy credibility required to implement targeted solutions.
In particular, fully realising the environmental benefits of electric mobility will require parallel efforts to make full use of renewable energy sources.
eMobility offers an opportunity to promote the electrification of economies and their transition away from fossil fuels.
The report is available for download at the following link: https://openknowledge.worldbank.org/handle/10986/30922