Sustainable and Efficient Electric Mobility System in Sri Lanka To reduce GHG and air pollutant emissions and to reduce costs for fuel import and the related foreign exchange risks through the accelerated introduction of electric mobility in Sri Lanka. Note: Disbursement data provided is cumulative and covers disbursement made by the project Agency. Normal 0      false false false  EN-GB X-NONE SI-LK                                                                                                                                                                                                                                                                                                                                                                                                                          /* Style Definitions */  table.MsoNormalTable  {mso-style-name:"Table Normal";  mso-tstyle-rowband-size:0;  mso-tstyle-colband-size:0;  mso-style-noshow:yes;  mso-style-priority:99;  mso-style-parent:"";  mso-padding-alt:0in 5.4pt 0in 5.4pt;  mso-para-margin-top:0in;  mso-para-margin-right:0in;  mso-para-margin-bottom:8.0pt;  mso-para-margin-left:0in;  line-height:107%;  mso-pagination:widow-orphan;  font-size:11.0pt;  font-family:"Calibri",sans-serif;  mso-ascii-font-family:Calibri;  mso-ascii-theme-font:minor-latin;  mso-hansi-font-family:Calibri;  mso-hansi-theme-font:minor-latin;  mso-bidi-font-family:"Iskoola Pota";  mso-bidi-theme-font:minor-bidi;  mso-ansi-language:EN-GB;  mso-bidi-language:SI-LK;}    The introduction and adoption of electric mobility in Sri Lanka with the conducive taxation environment during 2014-2017 opened many new technical livelihood segments including for charging infrastructure, EV servicing and battery recycling. This wave of EVs into the market also created a new market for local innovation and creative solutions with ICT applications to bring down costs and streamline charging infrastructure. However due to the non-viability of battery replacement and the lack of practical battery management options, this market segment is dwindling, and this project would be able to review the interest and investment in EV associated local investment and local production of vehicles by addressing the key barriers. In addition, this will provide a pathway for local EVs and EV-associated innovations (charging infrastructure or patented technology solutions such as E-bike docks) to enter the market around the globe. Secondary market for lithium-ion batteries and recycling Internal Combustion Engine (ICE) vehicles is expected to create employment opportunities in the community. It will substantially reduce the dependency of import of raw materials for production of batteries and vehicles. The policy measures will ensure safety and health of the workers engaged in reuse and recycling of lithium-ion batteries and ICE vehicles.   There are huge benefits to women in terms of the simplicity of technology and the easy maintenance of EVs. Women’s groups and women EV users have been clear on their preference to EVs over ICE vehicles and unmanned charging stations with mobile app-based payment. This payment modality is becoming increasingly common in the post-Covid era and the project could leverage the benefit of having a population used to e-commerce to introduce more ICT features to E-mobility ecosystem introduced through the project.   This is expected to result in public infrastructure and service cost savings, consumer savings and affordability – particularly savings targeting lower-income households who use/own 2-and-3 wheelers.   The project will have direct effects during the project duration and impacts beyond the project duration on the GHG emissions from operation of EVs. The key source of air pollution in transport sectors is due to widespread use of fossil fuel. With increased use of EV based transportation air quality will be improved due to reduction in emissions from pollution sources, arising from adoption of electric mobility, improved policies and enforcement of standards and regulations. Improved air quality will reduce adverse effects on health. It will substantially reduce financial impact on economy. Decreased use of fossil energy resources and its associated benefits will indirectly contribute to generating and sustaining climate change benefit.