| Project Detail |
The operation will finance the deployment of a fleet of about 20,000 zero-emission electric light vehicles across 14 EU countries. The Promoter has significant experience in the sector and is subject to national regulation of its current activities.
Objectives
The aim is to accelerate the transition towards zero emission road transport, which will generate substantial environmental economic benefits by reducing greenhouse gas emissions, air pollution and noise. The project will also contribute to support the development of the cleaner automotive industry through the accelerated deployment of electric vehicles and, indirectly, their associated infrastructure. Finally, this project addresses the sub-optimal investment situations associated with imperfect competition and incomplete markets, by contributing to increase the level of competition and enable the development, adoption and scale up of electric vehicles.
Sector(s)
Services - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 350 million
Total cost (Approximate amount)
EUR 700 million |
