The dire lack of sustainable mobility in rapidly growing cities is a major obstacle to sustainable economic development. Rapid urbanisation has led to levels of congestion and pollution that severely impair the economic prospects of cities, and the health and wellbeing of the people that live there. Transport is responsible for 25% of global greenhouse gas emissions. However, building the sustainable mobility “system” is one of the great opportunities for Climate Action.
Electrification of mobility (e-mobility) and the transition to electric vehicles (EVs) are some of the most attractive solutions to modernize transportation systems in a climate responsible way. EV sales are soaring globally, garnering a larger share of all vehicles sold despite a year of global car market contraction. With improving technology, EVs are becoming more reliable and the associated cost reductions are making EVs accessible to the masses. Governments all around the globe are supporting the electrification of mobility, adopting policies that incentivize and demand transition. And it is also good business! In this session, you will receive a systems perspective on how to transform and build the e-mobility industry in India and Sub-Saharan Africa, learn about business models that are emerging, challenges they face to scale, and where impact capital is needed.