Bank of America has set tangible sustainable finance goals and has made measurable progress towards them. In 2021, the bank set a goal to achieve net-zero greenhouse gas emissions in financing activities, operations, and supply chain before 2050. As part of the company’s commitment to deploy $1.5 trillion in sustainable finance by 2030, the Bank mobilized and deployed approximately $250 billion of capital aligned with the United Nations Sustainability Development Goals (UN SDGs) in 2021.
Bank of America announced that it will offer consumers the option of financing their residential electric vehicle chargers alongside their auto loans. Based on growing client demand for streamlined solutions that make driving an electric car easier and more convenient, Bank of America now offers dealers and manufacturers the option of letting consumers finance these chargers.
Demand for the charging units, by which drivers charge their cars at home, is expected to grow in the U.S. to nearly 27.5 million by 2030, up from just 1.3 million in 2021.1 At-home charging stations range in price from $200 to $2,000 in the U.S.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.