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Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India

Green Car Congress

The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. Without intervention, the Philippines is on a course to almost quadruple CO 2 emissions in less than 25 years, the ADB said.

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8 development banks commit to provide more than $175B to scale up support for sustainable transport

Green Car Congress

The Asian Development Bank (ADB) and seven other multilateral development banks (MDBs) are committing to provide more than $175 billion of loans and grants for transport in developing countries over the next decade. Sustainable transport solutions are available. —ADB President Haruhiko Kuroda.

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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

The report, A Paradigm Shift Towards Sustainable Low Carbon Transport , finds that more than $1.5 trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change.

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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

According to the Association of Passenger Transport, in the first half of 2022, China exported 58,400 new energy passenger cars to Southeast Asia, accounting for 16.1 million electric vehicle users by 2025 to stimulate market demand and reduce air pollution. billion in 2027, a compound annual growth rate of 32.73%.

Asia 97
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

In many cases, personal cars are not the most common means of passenger transport, especially compared with shared vans and minibuses, or two- and three-wheelers (2/3Ws), which are more prevalent and more often electrified, given their relative accessibility and affordability. Luxury carmakers sold 2,855 EVs for a 3% share.