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IKEA Foundation

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IKEA Foundation backs emerging market EV push with $100 million grant

A global initiative to accelerate electric vehicle uptake has received a $100 million funding boost from the IKEA Foundation to help developing countries bypass gasoline-driven vehicles and go straight to the greener alternative.
Electric Vehicles is one category that is on track to meet Net Zero Emissions. Road transport accounts for 16% of global emissions. Recent years have seen exponential growth in the sale of EVs, together with improved range, wider model availability and increased performance.
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https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.thejakartapost.com/business/2024/04/02/ikea-foundation-backs-emerging-market-ev-push-with-100-million-grant.html&ved=2ahUKEwj349nCvaaFAxXuXvEDHVujATQQFnoECCIQAQ&usg=AOvVaw3sOndzKTvji7gLd57njCHt




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31 more agrees trigger contact with the recipient

  • George Kariuki

    2 w

    This is huge for emerging economies and the fight against climate change. Let's hope this inspires other big corporations to invest in sustainable solutions for the developing world.

    2
    • Elizabeth Gathigia

      2 w

      Thanks to IKEA for giving a helping hand to boost Electric vehicles uptake👏👏 EVs are the future

      1
      • dickson mutai

        2 w

        By focusing on upcoming markets, they're not only reducing emissions but also fostering economic growth and innovation. A wonderful initiative with far-reaching benefits

        2
        • Jane Wangui

          2 w

          Good job IKEA for the great step in ensuring that the amount of pollution caused by fossil fuels is reduced by the use of electric vehicles.

          6
          • Princess

            2 w

            This initiative sets a great example for other organizations to follow suit in supporting renewable energy and sustainable transportation solutions.

            3
            • walter lungayi

              2 w

              The IKEA Foundation's $100 million grant is a significant and positive step. This investment demonstrates a commitment to sustainable transportation and aligns with efforts to reduce carbon emissions, contributing to a cleaner and greener future.

              7
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