A Sustainable Asset Valuation (SAVi) Assessment of Bus Fleet Electrification in Ulaanbaatar, Mongolia

This briefing presents a Sustainable Asset Valuation (SAVi) assessment of the full electrification of the bus fleet in Ulaanbaatar, Mongolia, by 2050. It evaluates the economic, social, and environmental impacts of transitioning from the current 90 electric buses to a total fleet of 1,303 electric buses, including the potential benefits of a modal shift from private cars to public transport.

• Full electrification of the bus fleet in Ulaanbaatar is projected to yield USD 26.3 million more in savings and benefits than the associated costs over a 25-year period.
• The economic benefits of electrification increase dramatically if accompanied by a modal shift from private cars to public buses: a 5% switch in users increases benefits to USD 400.5 million, while a 10% switch increases benefits to USD 774.8 million, representing a return of USD 3.63 for every USD 1 invested.
• The primary economic drivers of the transition are avoided fuel costs, valued at a cumulative, discounted USD 229.6 million, and reduced maintenance costs, valued at USD 45.7 million.
• Environmental benefits, including reduced carbon emissions, lower noise levels, and decreased air pollution, contribute an additional USD 38.6 million in value.
• To reach the national target of 70% electric public buses in Ulaanbaatar by 2050, the city would need to expand its current fleet of 90 electric buses to cover all 1,303 buses in operation.

APA

Kapetanakis,, M. (2026). A Sustainable Asset Valuation (SAVi) Assessment of Bus Fleet Electrification in Ulaanbaatar, Mongolia. International Institute for Sustainable Development. https://www.iisd.org/publications/brief/savi-bus-fleet-electrification-mongolia

Chicago

Kapetanakis,, Michail. A Sustainable Asset Valuation (SAVi) Assessment of Bus Fleet Electrification in Ulaanbaatar, Mongolia. International Institute for Sustainable Development, 2026. https://www.iisd.org/publications/brief/savi-bus-fleet-electrification-mongolia.

Wikipedia

{{cite report |last1=Kapetanakis, |first1=Michail |title=A Sustainable Asset Valuation (SAVi) Assessment of Bus Fleet Electrification in Ulaanbaatar, Mongolia |publisher=International Institute for Sustainable Development |date=21 May 2026 |url=https://www.iisd.org/publications/brief/savi-bus-fleet-electrification-mongolia |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{kapetanakis2026sustainable, author = {Kapetanakis,, Michail}, title = {{A Sustainable Asset Valuation (SAVi) Assessment of Bus Fleet Electrification in Ulaanbaatar, Mongolia}}, institution = {International Institute for Sustainable Development}, year = {2026}, month = may, url = {https://www.iisd.org/publications/brief/savi-bus-fleet-electrification-mongolia}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }