Economic brief “Promoting Electric Vehicles (EV) Deployment in the CAREC Region”

Jan 2024; Shiliang Lu, CAREC Institute

This economic brief of the CAREC Institute shows that the transport sector is one of the largest CO2 emitters in the CAREC region and should be urgently decarbonized by shifting car fleets from internal combustion engine vehicles to electric vehicles (EVs). It calls for measures that could help CAREC economies to accelerate their EV deployment, including measures to support the national EV industry and battery manufacturing, to build up the charging and swapping infrastructure, better supply chain management, and battery recycling and waste management. Joining international initiatives on electromobility, speeding up pan-CAREC free trade agreements, and switching to EVs in the government sector would also help to advance the transition to EVs.

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