PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607774

Primary Business Area

Other

Disclosure Date

Oct 30, 2023

Country

Uzbekistan

Region

Central Asia and Turkiye

IFC Approval Date

Oct 16, 2023

Status

Active

Estimated Total Budget

$850,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 2, 2023

Project Estimated Start Date

Apr 28, 2023

Project Estimated End Date

Dec 31, 2026

Project Description

The Project will focus in policy and regulatory work around 6 key areas in both countries: 1. Policies to support adoption of EVs in commercial fleets and public transport, including assessment of the current situation, key gaps and regulatory support needed. One of such initiatives that could be supported by the Project is that Ministry of Transport needs to develop a system of motivating private taxi enterprises to purchase EVs in 2023 and beyond, while the Project aims to explore the policies to enable electrification of marshrutkas (private sector players providing public transport under license agreements) as requested by the client. While gas prices are affordable in Uzbekistan, EVs can reduce the cost of automotive travel by approximately 50%, and this can avenue of potential new private investments as this segment is sizable in the country. 2. Policies to address bottlenecks in the development of charging infra with private sector support – global benchmarks for policies and programs, development of locally relevant policies and programs, assistance in implementing Presidential decree on charging infrastructure in Uzbekistan; 3. Safety and performance standards development for vehicles, charging equipment, installation and commissioning of the latter; 4. Development of a policy roadmap to enable local assembly and manufacturing of EVs, potentially focusing on commercial vehicles and public transport vehicles; 5. Policies and regulations to enable and incentivize battery manufacturing. 6. Analysis on effects of EVs on energy system in UZB, energy generation and consumption, and explore ways to link charging infra with RE sources.

Development Results

E&S Risks / Impacts and Mitigation