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

Green Car Congress

Rapid motorization is creating more congestion, air pollution, traffic accidents and greenhouse gas emissions—especially in developing countries. Developing countries have the opportunity to leapfrog to a greener future of less motorization, shorter commutes, and more energy efficient transport systems.

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

Green Car Congress

While notable exceptions exist, the report says, the financing framework is often skewed towards supporting the motorization model: Domestic public finance is mainly used to build and maintain infrastructure to cater to increasing levels of motorized traffic. A Paradigm Shift Towards Sustainable Low Carbon Transport.

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VinFast VF e34 E-SUV sales launch starts in Indonesia

Teslarati

. “Following our successful debut at the 2024 Indonesia International Motor Show, VinFast is proud to bring its first right-hand drive electric car to Indonesia, marking a significant step in our ambitious expansion plans in Southeast Asia. In India, VinFast is building an integrated EV facility in Tamil Nadu.