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Volvo Cars raises €500M for electrification through second green bond issue

Green Car Congress

All proceeds are earmarked for funding and accelerating the company’s transformation towards becoming a fully electric carmaker by 2030 and becoming climate-neutral and circular by 2040. The €500-million, 6-year fixed rate senior unsecured green bond was issued under Volvo Cars’ Euro Medium Term Note program.

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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. The €500-million bond was issued under Volvo Cars’ Euro Medium Term Note program.

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Top 3 Electric Models In 10 Countries With Highest EV Market Share

CleanTechnica EVs

The top 10 countries with the highest share of new car sales coming from 100% electric vehicles are featured below. Additionally, I’m listing the top 3 fully electric models in each of those countries and their share of the overall plugin vehicle market.

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This Dutch City Is Road-Testing Vehicle-to-Grid Tech

Cars That Think

Hundreds of charging stations for electric vehicles dot Utrecht’s urban landscape in the Netherlands like little electric mushrooms. Here the king [middle] is shown with Robin Berg [left], founder of We Drive Solar, and Jerôme Pannaud [right], Renault's general manager for Belgium, the Netherlands, and Luxembourg.

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

According to the company, the pickup will be open for pre-orders in the second quarter of 2021, with deliveries starting “as early as 2023.” – March 10, via Green Car Reports. That facility was previously used by electric car manufacturer Green Tech Automotive. – March 12, via Commercial Appeal.

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