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A Roadmap for Advancing Sustainable Public Transport through Financing Electric Mobility in Asia and the Pacific
Although global climate finance has grown substantially, only a small share is directed toward low-carbon transport, while emissions in the region continue to rise. A significant investment gap and continued prioritization of conventional infrastructure risk locking cities into high-emission systems. This policy brief identifies key challenges that are slowing progress, including limited data availability, weak institutional and technical capacity, and insufficient financing. While electric mobility is expanding, public transport electrification―particularly buses―lags behind private vehicle adoption despite offering high emissions-reduction potential. These barriers constrain the ability of governments and operators to develop scalable and bankable e-mobility projects. To address these issues, a roadmap proposes a comprehensive framework combining public funding, development finance, and innovative instruments such as blended finance and public？private partnerships. Built around ten strategic principles, it emphasizes integrated policy frameworks, standardized procurement, targeted incentives, and stronger domestic financial systems. Overall, the brief concludes that coordinated action and improved financing mechanisms are essential to scale electric public transport and achieve cleaner, more resilient, and inclusive urban mobility across the region.
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