EIB and Ayvens Partner to Deploy 19,000 Electric Light Commercial Vehicles Across Europe

The European Investment Bank (EIB) and Ayvens have signed a financing agreement to deploy 19,000 electric light commercial vehicles (eLCVs) across Europe. The investment will focus primarily on Germany, France, Italy, and the Netherlands, over the next three years. The agreement includes a EUR 350 million credit from the EIB and an equivalent co-investment from Ayvens. This initiative aims to support companies in their transition to electric vehicles, addressing challenges such as vehicle availability, affordability, and charging infrastructure. It also aligns with the increasing adoption of low-emission zones (LEZs) in European cities.