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Publication(International Finance Corporation, Washington, DC, 2020-01) Graham, JohnWhat are the critical questions to ask if one is contemplating an e-vehicle program? Based on the technical and business proposals International Finance Corporation (IFC) has seen so far, this report presents some factors for e-bus proposals. The broad-based electrification of buses and other urban transport represents a massive investment opportunity for IFC and other investors to invest in higher quality, sustainable transport while addressing climate change and improving air quality. At the same time, this sector is beset with some of the trickiest issues related to transport infrastructure, power, municipal finance, and even local politics.
Publication(International Finance Corporation, Washington, DC, 2020-01) Graham, JohnElectric buses have been the fastest-growing electric vehicle segment over the past five years by a wide margin. The market is changing quickly as both national and local governments make new commitments to address climate change and the horrific air quality conditions that plague some cities. To convert these ambitious commitments into reality, there is need of investable and bankable business models that work on a standalone basis. The state-heavy model, complete with lavish subsidies, won’t work for developing countries. So, the marketplace needs to invent the wheel here. Based on the early work on electric vehicles, what are some of the business models taking shape are presented in the report.
Publication(International Finance Corporation, Washington, DC, 2020-01) Graham, JohnThere is a quiet revolution underway in a previously sleepy segment of the transport sector: the electrification of municipal buses and other intra-city vehicles. As McKinsey reported last October, the compound annual growth rate of battery-electric buses has exceeded 100 percent since 2013- surpassing that of every other electric vehicle segment. Investing in battery-electric buses - as well as other high-use vehicles, such as e-delivery trucks - is an effective way for International Finance Corporation (IFC) to move the needle on air quality and greenhouse emissions from urban transportation. The opportunity is massive, and IFC has the capacity to fast-track implementation. It’s time to hit the accelerator. A cocktail of technology, investment, and scale in electric buses (and other high-use intra-city electric vehicles) will soon reach a point where reliability and cost advantages create the death spiral for internal combustion engines. Superior technology and declining costs will eventually overwhelm the old, static, diesel driven transportation paradigm.