Transitioning to electric mobility is vital to decarbonizing transport. Accelerating the adoption of electric buses, two-wheelers, three-wheelers and cars requires substantial financial and technical resources, especially in developing countries. The World Bank and IFC have been active in this space by supporting more than 30 countries in their efforts to develop essential infrastructure, increase their fleet of electric vehicles and identify opportunities to scale up passenger transport electrification.
This event at COP28 will bring together leaders and policy makers from the Global South, development organizations, and the private sector to explore what it takes to roll out e-mobility at scale in low- and middle-income countries. In particular, the discussion will focus on several core questions: How can developing countries integrate electrification into their plans for passenger transport? What financial solutions are needed to significantly scale up investments in electric mobility? What are the biggest challenges standing in the way of more widespread adoption of electric vehicles?
The event will showcase successful partnerships such as the Zero-emission Vehicle Transition Council championed by the UK, the Global Facility to Decarbonize Transport (GFDT), a multi-donor trust fund hosted by the Bank, several investment operations the World Bank is supporting in client countries, and IFC’s E-bus Toolkit which provides a systematic methodology for cities and private operators to develop bankable e-bus programs. The event will also showcase recent and planned operations to promote e-mobility.