Electric Mobility in Developing Countries: Cost Benefit Analysis and Policy Guidance

This report explores how the transition to electric mobility can drive jobs, growth, and economic transformation in developing countries. In the next 10-15 years, 1.2 billion young people in developing economies will reach working age, with only 400,000 jobs to support them. Developing countries need to explore all possible avenues to create opportunities for this growing population.

Electric Mobility in Developing Countries: Cost Benefit Analysis and Policy Guidance highlights how for many countries, e-mobility can become a story about jobs. In some markets, electric vehicle (EV) adoption is reshaping entire value chains, creating new opportunities in vehicle assembly, battery supply, charging infrastructure, and services, while reducing reliance on fuel imports. In the future, increased use of EVS could change the types of jobs available and increase demand for higher-skilled roles that require workforce training and adaptation.

Drawing on analysis across 40 countries, the report looks at where electric vehicles already make economic sense, how costs are evolving, and what this shift means for industries, workers, and governments.

The findings highlight where the biggest opportunities are emerging. High-use segments like two- and three-wheelers and buses are already delivering strong economic and employment benefits, especially in cities. These segments offer many benefits: lower operating costs, cleaner air, and more accessible mobility, all of which support productivity and connect people to jobs.

The report also provides practical guidance for policymakers on how to capture these benefits-through targeted investments, better financing models, and strategies to build local industries. With the right approach, electric mobility can be a powerful tool to create jobs, strengthen economies, and support long-term, inclusive growth.