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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. million.

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

Green Car Congress

A key change will need to take place in how the costs of transport are internalized, as the wider costs to society arising from road accidents, poor health, social impacts and environmental degradation, often described as the ‘external' costs, are currently excluded from the price that transport users confront.

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DOE fuel cell market report shows continued growth, with sales surpassing $1.3B worldwide in 2013

Green Car Congress

Several automakers announced partnerships to advance fuel cell electric vehicles, including Daimler, Ford, and Nissan ( earlier post ); Honda and General Motors ( earlier post ); Toyota and BMW ( earlier post ); and Volkswagen and Ballard Power Systems ( earlier post ). Earlier post.). Many automakers anticipate commercialization by 2017.

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