Powering the shift to electric
They might move silently, but electric vehicles (EVs), and the infrastructure that supports them, generate a lot of noise. And rightly so, since this is where the hot topics of the environment, trade, grid stability, and mobility meet. Amid all the noise, one message stands out: EVs are the most viable alternative to traditional combustion engines.
Driving electric will be key to driving down emissions and building a sustainable mobility future. That’s why at ING we’re taking a proactive approach to financing the technologies and solutions supporting EV use.
Charging the market
Getting EVs on the road is one thing; it’s another to keep them there. For this, charging networks are essential. After all, it should be as easy to recharge your EV as it is to fill up with petrol or diesel. ING is focusing particularly on this public charging landscape, providing capital, structuring and advisory services to companies leading the way in this space.
“There’s a level of risk involved in financing EV infrastructure, but it’s a risk we’ll all have to get comfortable with if we’re to successfully scale up low-carbon transportation in society”, says Tim van Pelt, co-lead Clean Mobility at ING’s Transition Accelerator team.
ING has set up a team dedicated to exploring more innovative finance structures that could make this happen, helping to accelerate the transition.
With more and more countries setting EV targets and policies, we believe EVs are here to stay, even as adoption rates vary between markets.
Investing in the future
In 2025, ING supported IONITY, Europe’s leading provider of ultra-fast EV charging in Europe, with financing to scale up its charging infrastructure, supporting mass EV adoption in Europe.
We also put our global network and sustainability and financing expertise to work to help power ultra-fast charging stations in nine European countries with a green loan for France’s Electra. And in the US we provided commercial financing to fund new high-power fast-charging stalls across major US metropolitan areas for EVgo Inc. Partnering with companies like these is helping to make electric mobility more convenient for drivers and fleets.
Evelien Hooijman, co-lead Clean Mobility at ING: “We help our clients build networks that make charging more accessible, reliable, and profitable. With EV adoption growing rapidly, this is not only an environmental necessity but also a compelling business opportunity.”
Our climate approach
ING wants to play a leading role in accelerating the global transition to a low carbon economy because it matters to us, to our clients and to society. As a bank, we do this through our financing: working with clients on their transitions to net zero while financing the technologies and solutions needed for a sustainable future. And because the global transition needs to include everyone, we're also finding new ways to enable people to stay a step ahead on climate change.
As society transitions to a low-carbon economy, so do our clients and so does ING. We finance a lot of sustainable activities, but we finance more that isn't sustainable. For more on how we're progressing see our climate approach.
This document discusses one or more specific transactions and contains general statements about ING’s climate approach. Our activities and approach differ across jurisdictions due to market dynamics, applicable regulation, government policy and other factors.