AMMAN — The World Bank is currently studying regional challenges
to developing technical, financial, and policy solutions to expand the use of
electric vehicles, with a focus on Jordan, Egypt, and Morocco, Hala News
reported.
اضافة اعلان
Preliminary results of a study by the bank covering 20 developing
countries — Jordan among them — showed that more than half of these countries would
reap economic benefits from transitioning to
electric vehicle systems.
“The financial returns from an electric vehicle system could be
significant,” the World Bank said, predicting substantial profits even despite
the 70–80 percent increase in upfront costs.
The reduction in maintenance costs alone could equate to savings in the
range of $5,000 over the life of an electric vehicle, which outweighs the
higher cost of using electricity as fuel, according to the study. And because
many low- and middle-income countries tax gasoline and
subsidize electricity,
switching to electric transport could bring even greater savings.
Financial and environmental payoffsDue to these factors, the bank said, a rise in investments related to
electric vehicles “is already justified” in terms of lower operating costs in
some of the countries studied, while in other countries the environmental
benefits outweigh any financial ones.
“The financial returns from an electric vehicle system could be significant.”
According to the study, COVID-induced lockdowns in urban areas and the
resulting decrease in the use of vehicles that run on fossil fuels improved air
quality in Amman, Cairo, Riyadh, Beirut, Jeddah, Baghdad, and other cities
across the region.
The Jordanian shift to electric carsOver the past few years, many Jordanians have transitioned to using
electric vehicles instead of cars running on gasoline and diesel due to high
local fuel prices.
The Jordanian Free Zones Investors Association said that 15,800 electric
vehicles were cleared last year, a 150-percent increase over the 2021, which
saw 6,000 electric vehicle clearances.
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