IDB supports Peru with $20 mn to boost electromobility

The Inter-American Development Bank (IDB) plans to boost Peru’s electromobility with $20 million. Dedicated long term loans will be available from Peru’s Development Finance Corporation so as to fund electric vehicle projects. This IDB programme aims to reduce fossil fuel consumption and greenhouse gas emissions by introducing and promoting cleaner transport alternatives, particularly in terms of public transport.

Source: El Comercio