An exciting transition is underway in transport markets as electric buses begin to gain momentum. Electric buses can have lower cost of ownership and offer a pathway towards reducing carbon emissions in urban environments. However, significant challenges weigh on their benefits, including a lack of technical knowledge, high up-front costs, integration issues, and regulatory gaps.
The IFC Electric Bus Toolkit offers a systemic approach to key stakeholders interested in developing electric bus projects that are operationally feasible and commercially viable, from idea to implementation.
IFC’s unique advantages
- Deep understanding of public transit electrification in emerging markets
- A single source for comprehensive support, from needs assessment, to financing, and implementation
- Mobilization of additional partners, including advisors, donors, and investors
A systematic approach to building e-bus systems
Following a step-by-step strategic approach, IFC can support cities and fleet operators in their unique journeys to adopt e-buses, from assessment to guidance, structuring, investment, and implementation
- Preliminary Assessment: Identify project needs and develop tailored support packages.
- Business Model Assessment: Provide guidance on structuring bankable business models and regulations.
- Technical and Financial Feasibility Assessment: Identify optimal bus and supporting infrastructure to meet operational needs at the lowest total cost of ownership.
- Operations Assessment: Build necessary operational capabilities in areas such as scheduling, charging, maintenance, and staff training.
- Procurement Guidance: Help plan and conduct procurement tenders that achieve best value for money, in line with international good practice.
- Investment: Design tailored financing solutions, including mobilizing blended concessional finance.
- Pilot (optional): Assist in pilot operations and evaluations.
- Project Implementation Support: Provide additional services to optimize sustainability, such as monitoring implementation, integrating gender considerations, restructuring routes, and generating captive renewable energy.