“Fully harness the EV momentum,” says the Asian Development Bank (ADD) in its “E-Mobility Options for ADB Developing Member Countries,
E-Mobility Options for ADB Developing Member Countries
Six months after the ADB report was released, the ASEAN region is beginning to reinvigorate its entire vehicle manufacturing and distribution industry, bringing along with it a fledging EV component which was truncated in growth by the pandemic. The ADB’s prioritization proposal should be given where EV investments yield the highest economic and environmental returns. In Djakarta, Indonesia’s main city, the taxi service BlueBird launched a trial fleet of 30 e-taxis in May 2019, and DAMRI, which runs the airport bus service, is planning to phase-in electric units as well. Large fleets of high-mileage vehicles that operate in cities allow quicker repayment of higher upfront fixed-costs.
The ADB also recommended the refurbishment of EV batteries to move from the high discharge environment of electric vehicles to store renewable energy from solar or wind once battery packs are no longer useful in electrical vehicles — usually after 6 to 8 years. The development banks says this resolves environmental anxiety over battery waste and extends batteries’ economic usefulness, potentially defraying the initial investment burden.
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