IKEA Foundation commits $100m to drive 'equitable global shift' in EV uptake

Stuart Stone
clock • 2 min read
Credit: iStock
Image:

Credit: iStock

Four-year investment aims to support scheme backed by the ClimateWorks Foundation to save around 43 gigatonnes of CO2 from road transport in Africa, Latin America, and Southeast Asia

The IKEA Foundation has pledged $100m in funding to help drive the rollout of zero-emission road transport in emerging markets worldwide, it announced yesterday. Spread over four years, the funding...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Study: Physical climate risks emerging faster than financial frameworks are adapting

Study: Physical climate risks emerging faster than financial frameworks are adapting

CISL calls for renewed effort to fold physical climate hazards, insurance adequacy, and adaptation and resilience investments into standard credit assessments

Stuart Stone
clock 26 May 2026 • 4 min read
Europe brings global sustainable funds back to inflows but US redemptions continue

Europe brings global sustainable funds back to inflows but US redemptions continue

Jack Roach, Investment Week
clock 22 May 2026 • 2 min read
'Tough but fair': Ofgem outlines rules for next wave of grid investment

'Tough but fair': Ofgem outlines rules for next wave of grid investment

Distribution network operators to face strengthened cost controls and financial penalties if they fail to meet expectations, as delivery of new projects accelerates

clock 22 May 2026 • 2 min read