43207-013: Market Transformation through Introduction of Energy-Efficient Electric Vehicles Project

Project Data Sheet (PDS): Overview

Description

Energy efficient electric vehicles are a new technology with the promise to transform the way energy is used by today's internal combustion engine (ICE) vehicles. For net energy importing countries, such as the Philippines, electric vehicles can dramatically reduce the country's dependence on imported energy resources, which in turn will reduce short term price volatility and improve long term energy security. This technology has also created the opportunity to transition into an ... Read More

Country Philippines
Project Number 43207-013
Type or Modality of Assistance Loan
Grant
Financing Public sector (Sovereign)
Status Approved
Approval Numbers Loan No. 2964
Grant No. 0326
Loan No. 8261
Approval Date 11 Dec 2012
ADB Financing ($ thousand) 300,000
Sector Energy
Transport
Subsector Energy efficiency and conservation
Transport policies and institutional development
Strategic Agendas Environmentally sustainable growth (ESG)
Inclusive economic growth (IEG)
Drivers of Change Gender equity and mainstreaming (GEM)
Partnerships (PAR)
Gender Equity and Mainstreaming Categories Category 3: Some gender elements (SGE)
Safeguard Categories Environment: C
Resettlement: C
Indigenous People: C

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