22 businesses meet to stimulate investments in zero-emission freight corridors

New York, 30 September 2024 – The CEOs and executives of 22 businesses spanning the automotive, financial, retail and infrastructure sectors and government representatives from the United States and United Kingdom convened during Climate Week NYC to impel collaboration on financing zero-emission vehicles along strategic freight corridors.

This event was led by the World Business Council for Sustainable Development (WBCSD) in partnership with the Sustainable Markets Initiative, supported by BloombergNEF and Smart Freight Centre, and hosted by the Bank of America.

Current investments in road freight electrification must increase approximately tenfold to around USD $200-300 billion annually by 2030 to support the transition to electric medium and heavy-duty vehicles needed to achieve global climate goals (IEA, BloombergNEF).