The World Bank Group has proposed a lease-to-own scheme for electric vehicles to replace traditional jeepneys, a move it said would protect operators’ livelihoods and improve transport efficiency under the scrappage component of the Public Transport Mode - Facebook

The World Bank Group has introduced a lease-to-own initiative for electric vehicles as a potential replacement for traditional jeepneys, aiming to support operators financially while enhancing transport efficiency. This proposal is part of the scrappage program under the Public Transport Modernization Plan, which seeks to phase out older vehicles. The scheme is designed to safeguard the livelihoods of transport operators during the transition to cleaner, more sustainable modes of public transport. The move aligns with broader efforts to modernize the country’s transportation sector and reduce emissions.

The World Bank Group has proposed a lease-to-own scheme for electric vehicles to replace traditional jeepneys, a move it said would protect operators’ livelihoods and improve transport efficiency under the scrappage component of the Public Transport Mode  Facebook