KfW launches funding programs for sustainable mobility

KfW launches funding programs for sustainable mobility-programs

The transport sector plays a central role in the transformation to a climate-neutral society. The need to reduce CO2 emissions is particularly high in this area. On behalf of the Federal Ministry for Digital Affairs and Transport (BMDV), KfW is now promoting companies, municipalities and municipal companies investing in sustainable mobility with a broad range of funding options. The new Sustainable Mobility Investment Loan offers low-interest financing for pedestrian and cycling infrastructure, climate-friendly vehicles for passenger and freight transport, such as public transport, rail and waterway transport, and investments in the infrastructure required for this, according to a recent statement by KfW.

Digitization projects that contribute to the reduction of greenhouse gas emissions, such as the networking of existing mobility offers, are also funded. The requirements for the fundable measures within the framework of the new offer are based on the defined criteria of the EU taxonomy. So with the new program z. B. Buses, trams and subways for local public transport as well as trains and inland waterways are supported if their direct CO2 emissions are zero.

“We want climate neutrality and the transport sector has to make a big contribution here. We all have a responsibility here – federal, state, local and business. We need good infrastructure everywhere and climate-neutral mobility offers that take into account the needs of everyone. The KfW funding facilitates long-term investments by municipalities and companies in the transformation of transport. The offer creates the necessary financial basis and planning security for this important task.“ – Volker Wissing, Federal Minister for Digital Affairs and Transport

“The transport sector plays a central role in the climate-neutral transformation of the economy and society. If we want to achieve our goals, we have to switch to low-emission forms of mobility as quickly as possible. This requires enormous investments,” says the CEO of KfW, Stefan Wintels. According to Wintels, KfW wants to live up to its responsibility as a transformative development bank and provide suitable financing instruments for this purpose.

The new investment loan for sustainable mobility is part of the green bond framework, which was expanded at the beginning of 2022, in which KfW allocates funds drawn down in specific funding programs to its green bonds. Companies and municipalities benefit from KfW’s favorable refinancing conditions; In addition, KfW has further reduced the interest rates of the new program from its own funds. In the standard variant, individual projects can be financed with up to 50 million euros and with a term of up to 30 years. The specific interest rates are based on the development of the capital market.

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4 thoughts on “KfW launches funding programs for sustainable mobility”

  1. Private households should also be encouraged.

    Package 1 for homeowners: PV + storage + bidirectional wall box + eAuto (bidirectional charger, purchase price up to 50.000€)

    0% interest 20 years full loan for households up to max. 100.000€/year income.

    Package 2 for tenants/ apartment owners: balcony PV with wall storage and e-car (bidirectional charger, purchase price up to 50.000 €)

    0% interest 20 years full loan for households up to max. 60.000€/year income

    Reply
  2. With an income of around 60,000 euros, my breakfast sandwich gets stuck in my throat.What percentage of the population is that? They in particular badly need it.Let the second car e-car be financed by those who don’t have it that fat.I have another solution, magic word bus and train instead of e-car, oh I’m so sustainable.Because these carts are not. Spaniards and Portuguese go on the barricades because they are running out of drinking water. Do I have to say more. If the public had attractive tariffs, the combustion engine could stop.The city centers are generally closed to private car traffic. Ridiculous to also finance cars and charging stations for the private sector.E car owners don’t drive emission-free, that’s a fairy tale.The mix does it.One can only see that one strikes the sails in time.

    Reply
  3. @blackberry:

    “If the public had attractive tariffs, the burner could stopnbstay.”

    Agree on this point:
    The transport associations should be able to sell €365/year tickets (€1/day 🙂 ) to offer!

    Reply
  4. Nothing will happen with the FDP in the transport sector. The market won’t fix anything except for the elite !
    The cars have to leave the sites. DThe public sector must offer attractive tariffs, preferably free of charge.

    Reply

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