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External References

Curated external sources for emob-financial-models. Maintained together with curation/web-sources.yaml (trusted-domain list used by the web-search workflow).

Adoption policy (user directive, 2026-09-17; posture per ADR 0002): keep the list at 5 core sources. A source is either Referenced and adopted (scoped to a role, cited in methodology and parameter baselines) or Read for information only (context, not citable as methodological basis). Terminology is adopted as defined; the technology and cost assumptions of published studies are incumbent benchmarks — contrast cases, not our base case.

Core sources — Referenced and adopted

# Source Adopted for Status
1 ICCT 2022 — Battery Swapping for Electric Two-Wheelers in India (NITI Aayog + ICCT) Swap + TCO methodology; utilization sensitivity Adopted (methodology)
2 World Bank 2026 — EVMax 40-country e-mobility CBA Economic viability vs financial affordability framework Adopted (framework)
3 WRI — Kumar & Chakrabarty 2020, Transportation Research Record 2674(11) TCO-per-km method; daily-distance break-even Adopted (method)
4 Manufacturing Africa 2021 — EV investment opportunity, Kenya Kenya TCO, financing, and parameter baseline Adopted (Kenya baseline)
5 Sandia 2023 — Wittman & Reed, Li-ion cycling beyond 80% SOH EFC definition; cycle + calendar degradation curves Adopted (degradation physics)
  1. ICCT: https://theicct.org/wp-content/uploads/2022/05/Battery-swapping_India_final.pdf
  2. World Bank: https://www.worldbank.org/en/news/feature/2026/06/29/dont-let-a-crisis-go-to-waste-pivoting-africa-s-transport-to-clean-energy
  3. WRI (DOI): https://doi.org/10.1177/0361198120947089
  4. Manufacturing Africa: https://manufacturingafrica.org/wp-content/uploads/2025/10/Attracting-investment-into-EVs-MA-Kenya-vsn-final-share-Oct21.pdf
  5. Sandia: https://www.sandia.gov/app/uploads/sites/82/2023/10/Wittman_Reed_Safety-Reliability_PR2023.pdf

Read for information only

Context and market color; not citable as methodological basis.

  • Joule 2024 — HD-truck battery-swap pricing via target IRR (methodological analog, wrong vehicle class)
  • BloombergNEF — battery price surveys and swap-market outlooks (paywalled)
  • Dalberg 2024 — Africa e-mobility country forecasts
  • Intellecap / WDI — Kenya E2W financing
  • Changing Transport / EMAK 2025 — Kenya battery tariff schedule, second-life economics
  • McKinsey 2022 — Sub-Saharan Africa e-transport
  • Nature Communications 2022 — India passenger-road electrification (energy intensity data)
  • Operator disclosures: Ampersand, Spiro, Roam, Gogoro, Battery Smart (pricing and fleet benchmarks)