EIB "gives a boost" to the electric car network in Greece - Over 17 million euros for the expansion of charging stations
The European Investment Bank (EIB) has decided to finance 17.5 million euros to help Greek company Joltie expand the charging network for electric vehicles in Greece and Cyprus.
The investment, supported by the InvestEU program, aims to install around 2,200 new charging points by 2029, improving the electric car infrastructure in the region.
The project aims to contribute to the reduction of greenhouse gas emissions and the decarbonisation of road transport, while supporting the electric transition. It is fully in line with the objectives of the InvestEU 'Mobility of the Future' programme and supports the Climate Bank's strategies and the EIB's transport policies.
This funding is expected to help fill gaps in the market, driving innovation in sustainable transportation.
The plan also reinforces the Bank's priorities in climate action, promoting regional cohesion, and facilitating businesses' access to finance.
Sources from the European Investment Bank emphasized that the cooperation with Joltie will expand the electric vehicle charging infrastructure in Greece and Cyprus, making electric mobility more accessible and affordable for citizens. According to them, this financing will increase private investment and strengthen local capacities to achieve climate action objectives.
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