IEA Report: EVs Charging Toward 40% Global Market Share by 2030

Today’s ESG Updates

• New IEA Report on EV Growth: Electric vehicle market share on course to exceed 40% by 2030 as they become increasingly affordable in more markets.
• New Zealand Unveils $190M Social Investment Fund: The fund will support targeted community initiatives with accountability and early intervention.
• U.S. Clean Energy on the Chopping Block: Trump’s $4.9T bill to eradicate clean energy tax credits advances in Congress.
• ESG Insights from D.C. Climate Week: Experts and fund directors discuss challenges and solutions to bridging the $700B Biodiversity Gap.

IEA report shows EVs cross 20% of global market, and a projected 40% by 2030

Despite recent economic policies stemming from the U.S. putting pressure on the auto sector, the International Energy Agency (IEA) reports that global sales of EVs continue to break records. Electric car models are becoming increasingly affordable due to declining battery costs and increased market competition, and also remain cheaper to operate across many markets, based on current energy market prices. China leads the market with nearly 11 million EVs sold in 2024, making up around 50% of car sales in the country. Companies can stay ahead of the accelerating transition by leveraging ESG solutions to drive real sustainability and market resilience.

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Further reading: More than 1 in 4 cars sold worldwide this year is set to be electric as EV sales continue to grow

New Zealand launches $190M Social Investment Fund

New Zealand has launched a $190M Social Investment Fund to address intergenerational disadvantages through data-driven, early interventions. Announced by Finance Minister Nicola Willis, the fund is part of a $275 million allocation over four years and will support at least 20 targeted initiatives, including autism support and Māori-led community programs. The fund will be managed by the newly reinstated Social Investment Agency, and will emphasize measurable impact and long-term outcomes.

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Further reading: Budget 2025: Nicola Willis announces $190m for Social Investment Fund

Trump’s $4.9T bill to eradicate clean energy tax credits advances in Congress

On Wednesday, the Trump Administration’s “One Big, Beautiful Bill” passed Republicans on the House Ways and Means Committee, and the U.S. became one step closer to repealing crucial clean energy incentives. The $4.9 trillion package proposal will eradicate all tax credits needed to spur a U.S. transition to cleaner energy and reallocate funds to border security spending. The tax credits do not just support initiatives of U.S. Democrats – they are crucial for energy transitions that most Republicans support, like nuclear and advanced geothermal developments. As the bill heads to the Senate, its fate could determine the future of America’s clean energy transition.

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Further Reading: Congress Begins Repeal of Clean Energy Tax Credits With ‘Sledgehammer Approach’

D.C. Climate Week talks of bridging the $700B biodiversity financing gap

At D.C. Climate Week, experts highlighted the $700 billion annual funding gap for biodiversity conservation, despite growing corporate interest in nature-based solutions. Experts and fund directors stressed the importance of unified messaging and high-integrity carbon markets to attract investment. Also mentioned was the inclusion of Indigenous communities in conservation efforts to ensure environmental and social integrity. Tech giants like Microsoft and Google are investing in nature-based credits, but broader, coordinated efforts are essential to close the financing gap and advance global biodiversity goals. ESG tools can help investors identify high-impact opportunities and drive measurable outcomes in nature-based finance.

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Further reading: Financing gaps for biodiversity conservation persist as corporations look to nature-based solutions

Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: CHUTTERSNAP