Bank of America Hosts Virtual Electric Vehicle Show, Premiering September 9, 2022

Rhea-AI Summary

Bank of America will host its second annual virtual electric vehicle show titled "EVolution" on September 9, 2022, coinciding with World Electric Vehicle Day. Renowned manufacturers like Daimler, Lucid, Mercedes Benz, and Volvo Cars will participate to showcase their latest electric vehicles. The event aims to educate the public on EV trends, financing, sustainability, and features.
The bank emphasizes its commitment to environmental sustainability, having set goals to achieve net-zero greenhouse gas emissions by 2050 and plans to deploy $1.5 trillion in sustainable finance by 2030.

Positive

• Bank of America is hosting a significant event to showcase advancements in electric vehicles.
• The commitment to deploy $1.5 trillion in sustainable finance by 2030 indicates strong backing for the EV and sustainable finance sectors.
• Participation from major automotive manufacturers reflects credibility and industry interest.

Negative

• None.

Innovative auto show features newest electric vehicles and in-depth discussions on the future of EV transportation

CHARLOTTE, N.C., Aug. 24, 2022 /PRNewswire/ -- Bank of America will host its second annual virtual electric vehicle show, an online convention center experience premiering on World Electric Vehicle Day - September 9, 2022 - and featuring presentations by auto industry leaders, manufacturers, and electric vehicle experts. The event, entitled "EVolution," offers the public the opportunity to gain timely insight about design trends, car features, charging, financing, and sustainability.

Manufacturers including Daimler Truck North America, Lucid, Mercedes Benz and Volvo Cars will showcase their latest offerings; thought leaders from Bank of America, Forth, EVgo, and Go-Station will discuss a range of EV trends and topics including environmental sustainability and advances in sustainable transportation and infrastructure. Register at https://www.bankofamerica.com/auto-loans/electric-vehicles/.

"Bank of America is committed to environmental sustainability, which includes offering streamlined auto financing for electric vehicles. These sustainable solutions are increasingly important to our economic future, and we are delighted to offer experts in the field to provide perspective on this growing industry and its impact, while offering broad consumer access to information about how to select and finance their car," said Fabien Thierry, head of consumer vehicle products at Bank of America.

Featured presentations include:
12:00 pm - Sustainability and Driving the Future	Transportation and the global economy: Karen Fang, global head of Sustainable Finance, and Alex Liftman, global environmental executive, Bank of America
12.30 pm - Innovation Driving Electrification	Volvo Cars' commitment to electrification: the private sector, innovation, and infrastructure: Alex Tripi, head of Volvo Electrification
1:00 pm - Sustainability in the Markets We Serve	Sustainability in the communities that we serve: Aron Levine, president, Preferred Banking, BofA, talks about commitment to sustainability
1:30 pm - Charging our Local Communities	How charging can drive Community Reinvestment and Environmental Justice: Kieth Cockrell, president, Bank of America, Charlotte, and Ray Addison, CMO, Go-Station
2:00 pm - Battery Economics	Battery technology, supply constraints and economics: Martyn Briggs, Bank of America Global Research
2:30 pm - Long Haul, Low Emissions	Reducing emissions and transforming the commercial trucking industry: Rakesh Aneja, head of eMobility, Daimler Trucks North America
3:00 pm - Infrastructure 2030	Biden administration's electrification goals and what's needed to meet full adoption: Jeff Allen, executive director of Forth
3:30 pm - Insights Driving Evolution	Developing innovative financing solutions: Mary Hines Droesch, head of Consumer and Small Business Products, Bank of America, and Sharon Miller, president of Small Business and Head of Specialty Banking and Lending, Bank of America
4:00 pm -The Intersection of Technology and Design	Lucid Air – innovating their way to MotorTrend Car of the Year: Joann Jung, Design Director, Interior

Bank of America has set tangible sustainable finance goals and made measurable progress in mobilizing and scaling capital deployment to help drive social and environmental change. In 2021, Bank of America 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, approximately $250 billion of capital was mobilized and deployed aligned with the United Nations Sustainability Development Goals (UN SDGs) in 2021.

Bank of America 
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. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 4,000 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 55 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact:

Susan Atran 
Phone: 646.743.0791
susan.atran@bofa.com

 

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SOURCE Bank of America Corporation

FAQ

What is the date of Bank of America's virtual electric vehicle show?

The virtual electric vehicle show hosted by Bank of America is scheduled for September 9, 2022.

Who will participate in the EVolution virtual electric vehicle show?

Manufacturers such as Daimler Truck North America, Lucid, Mercedes Benz, and Volvo Cars will participate in the show.

What are Bank of America's sustainability goals related to electric vehicles?

Bank of America aims to achieve net-zero greenhouse gas emissions by 2050 and plans to deploy $1.5 trillion in sustainable finance by 2030.

How does Bank of America's virtual electric vehicle show contribute to sustainability?

The show provides insights into EV trends, charging infrastructure, and financing options, promoting environmental sustainability.

Where can I register for the EVolution virtual electric vehicle show?

You can register for the show at Bank of America's dedicated EV website.