The Economics of Electric Vehicles for Passenger Transportation provides answers to three critical questions: Why should developing countries pursue e-mobility? When does an accelerated transition to electric vehicles (EVs) make sense for developing countries? How can governments make this transition happen? A key finding from the research is that there is a strong economic case for EVs in many developing countries. This is news because, despite growing momentum and interest in the sector, 90 percent of EV sales are still concentrated in major markets such as China, Europe, and the United States. According to original models developed by the report’s authors, developing countries can look to electric buses as well as to two- and three-wheeled vehicles as entry points to this critical transition. Readers will find many examples of countries already benefiting from e-mobility solutions. For example, Brazil, Chile, and India are leaders in electric bus fleets. Their progress, made possible by innovative financin
