Ikea Foundation backs emerging market EV push with US$100m grant

  • 📰 malaymail
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

LONDON, April 3 — A global initiative to accelerate electric vehicle uptake has received a US$100 million funding boost from the Ikea Foundation to help developing countries...

With over 30,000 set to 'balik kampung' from TBS this weekend for Raya, Anthony Loke tells ticketing companies to implement QR code check-ins

The world’s emerging economies are set to account for the bulk of growth in demand for cars, trucks, buses and two- or three-wheeled vehicles by 2050, and the hope is that investing in the countries now can help ensure the growth is all electric. The expansion of the funding follows success in other countries including India, where the electrification of last-mile delivery for parcels in urban areas was “taking off at a massive scale”, van de Brug said.In addition to reducing greenhouse gas emissions and improving clean air, EVs can also benefit the wider economy by accelerating battery development, driving down costs and improving storage capacity, van de Brug said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines