ADB to provide loan for e-trikes

The Asian Development Bank (ADB) is ready to provide a loan package worth up to US$500 million for developing an electric tricycle (e-trike) system in three to five years.
February 2, 2012 Read time: 1 min
The 2128 Asian Development Bank (ADB) is ready to provide a loan package worth up to US$500 million for developing an electric tricycle (e-trike) system in three to five years. The e-trikes project, which will be capable of supporting between 20,000 and 100,000 tricycles, will be carried out in Mandaluyong city, Philippines. The vehicles are capable of travelling up to 100km, using a six-kilowatt-hour battery. ADB says it is planning to carry out similar projects in other countries that are interested in having such public electric transport systems.

For more information on companies in this article

Related Content

  • Helsinki’s residents trial MaaS as alternative to private cars
    August 21, 2018
    Would you give up your own car? Helsinki implemented MaaS late last year and Colin Sowman discovers that the initial reaction has been positive What would it take for you to give up your own car? That is the question posed by Sampo Hietanen, the so-called ‘father’ of Mobility as a Service (MaaS) and CEO of MaaS Global. And he is about to discover if MaaS really will convince the people of Helsinki to do the unthinkable. MaaS Global introduced a fledgling version of its Whim app in the city in late 2016
    Read More
  • EV sales stalling in the UK
    April 17, 2012
    The number of electric cars sold in the UK has fallen by over 50 per cent to just 215 in the first three months of the year despite Government incentives, according to figures from the RAC Foundation.Since 1 January, individuals and businesses have been able to claim a discount of up to £5,000 (US$8,193) on cars producing 75 g CO2/km or less under the Government’s Plug-In Car Grant scheme. A total of 680 cars have been purchased under the programme, taking the number of electric cars registered in the UK to
    Read More
  • Lothian introduces electric bus fleet, Edinburgh
    October 5, 2017
    Lothian Buses has launched a fleet of six fully electric vehicles to operate in Edinburgh Service 1 route to reduce emissions and improve air quality in the area. The company claims its fleet will carry 1.8 million customers each year throughout the hilly terrain. The Wrightbus Street Air single deck buses (WSASDB) operate on pure electric powertrain, including an all-electric heating and cooling system, and have regenerative braking allows energy to be recovered to the batteries.
    Read More
  • Indonesia targets road death reduction
    April 17, 2012
    The government of Indonesia says it is working to reduce the number of road deaths in the country by 50 per cent by 2020 and by 80 per cent by 2035. To achieve this, the government will be upgrading the road infrastructure as well as introducing a road safety programme that will run over a ten-year and 25-year plans, starting this year. The programme will be overseen by the National Planning Development Board with involvement of the national police as well as the public works, transportation, national educa
    Read More

Highlighted Content