The Economics of Electric Vehicles for Passenger Transportation
Electric mobility has garnered growing interest and significant momentum across several major global markets, often motivated by transport sector decarbonization. Together, Europe, China, and the United States account for more than 90 percent of the world's electric vehicle fleet. For many OECD...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Washington, D.C
The World Bank
2022
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| Schriftenreihe: | Mobility and Transport Connectivity
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| 520 | 3 | |a Electric mobility has garnered growing interest and significant momentum across several major global markets, often motivated by transport sector decarbonization. Together, Europe, China, and the United States account for more than 90 percent of the world's electric vehicle fleet. For many OECD countries, electric mobility is seen primarily as a lever for transport sector decarbonization, given that many of the other relevant policy options have already been exhausted. This report finds that electric mobility is also increasingly relevant for low- and middle-income countries. As of today, electric mobility for passengers is a comparative rarity across low- and middle-income countries (LMICs). In some of the LMIC leading markets, such as Brazil, India, and Indonesia, electric vehicles account for less than 0.5 percent of total sales. There are signs that this situation is changing. India, Chile, and Brazil are leading the way in electrifying their bus fleets in their largest cities by introducing innovative financing practices and improved procurement practices. Battery swapping schemes are taking off in Asian and East African countries to lower the upfront cost of two-and three-wheelers. Original modeling for this report suggests that established global policy targets, such as 30 percent of new passenger vehicles to be electric by 2030, will make economic sense for many LMICs under a wide range of possible scenarios | |
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| indexdate | 2025-02-03T15:58:23Z |
| institution | BVB |
| language | English |
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| series2 | Mobility and Transport Connectivity |
| spellingShingle | Briceno-Garmendia, Cecilia The Economics of Electric Vehicles for Passenger Transportation Electric Mobility Electric Power Electric Vehicles Energy Energy Production and Transportation Environment Green Issues Low and Middle Income Countries (LMICs) Public Transport Transport Sector Urban Development |
| title | The Economics of Electric Vehicles for Passenger Transportation |
| title_auth | The Economics of Electric Vehicles for Passenger Transportation |
| title_exact_search | The Economics of Electric Vehicles for Passenger Transportation |
| title_full | The Economics of Electric Vehicles for Passenger Transportation Cecilia Briceno-Garmendia |
| title_fullStr | The Economics of Electric Vehicles for Passenger Transportation Cecilia Briceno-Garmendia |
| title_full_unstemmed | The Economics of Electric Vehicles for Passenger Transportation Cecilia Briceno-Garmendia |
| title_short | The Economics of Electric Vehicles for Passenger Transportation |
| title_sort | the economics of electric vehicles for passenger transportation |
| topic | Electric Mobility Electric Power Electric Vehicles Energy Energy Production and Transportation Environment Green Issues Low and Middle Income Countries (LMICs) Public Transport Transport Sector Urban Development |
| topic_facet | Electric Mobility Electric Power Electric Vehicles Energy Energy Production and Transportation Environment Green Issues Low and Middle Income Countries (LMICs) Public Transport Transport Sector Urban Development |
| url | https://doi.org/10.1596/38265 |
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