The World Health Organisation has declared air pollution as one of the biggest threats to human health. Making up an estimated 15% of the world’s CO2 emissions, motor vehicles are the biggest single source of air pollution. Switching to EVs can cut millions of tonnes of harmful greenhouse gas emissions per year and the associated running costs are considerably lower than traditional internal combustion engine (ICE) vehicles. In short, the business case for a transition to EVs has never been stronger.
Businesses are the biggest single buyers of cars and commercial vehicles. They have a huge opportunity to not just cut down their own fleet emissions but demonstrate demand for zero emission vehicles and drive prices down for all.
This annual report shows that EV100 members, which include some of the world’s largest companies, are leading the way. With the commitment of transitioning more than 5.5 million vehicles to electric by 2030, EV100’s 121 members are delivering the signals for change. They have put 209,000 EVs on the road and over 20,000 charging points have been installed across 3,100 locations.
Successes vs Barriers
Despite the successes, EV100’s members have also faced significant barriers in adopting EVs across their fleets. For instance, a lack of charging infrastructure, the upfront cost of EVs and limited variety of vehicles available to buy are just some of the factors standing in the way of progress.
To keep global warming below 1.5°C it is vital it is vital to remove these barriers. The rapid roll out of EVs is an integral part of the journey to net zero.
Businesses lead the transition to electric
Large amounts of vehicles are registered to corporate fleets, meaning businesses are in a strong position to lead the electric transport revolution. With the range of models expanding and cost competitiveness increasing, fleets are growing more confident in the transition.
EV100 members also keep increasing charging access for their staff and customers. In 2021, the number of EV charging locations rose from 2,090 to 3,114, with EV100 members now committing to installing charging infrastructure in 74 markets, up from 60 the year before.
Overall, EV100 members are setting targets before 2030. With that, they keep raising their ambition and show a strong confidence to the electrification of road transportation.
Ambition to action
Over the past year, EV deployment in individual corporate fleets has risen by 42% to a total of 53,361. Leasing companies have added 24,323 EVs to the fleets of their customers. They now have a total of 156,293 EVs in operation. Even though this only accounts for 3% of the 4.8 million vehicles they have committed in total, it represents a year-on-year growth rate of 18%. As more vehicles become available at more affordable prices, further customer interest in EVs is expected.
In total, EV100 members transitioned over 40,000 vehicles to electric in 2021, meaning our members now operate 209,654 EVs globally. Moreover, the number of EV charging locations rose from 2,090 to 3,114, and the members now operate a total of 20,895 individual charging points across 74 markets around the world.
The rapidly increasing number of EVs on the road means charging networks have to grow accordingly. That is why, in addition to electrifying their own fleets, EV100 members are enabling their staff and customers to go electric, too. For instance, by offering charging infrastructure at their offices and retail premises.
Strong political leadership must follow corporate
More than ever before, EV100 companies are showing increased ambition and action across the globe. However, this strong corporate leadership from businesses must be matched by political leadership too. EV100’s members are increasingly engaging in policy debates to set agendas that help deliver on their commitments.
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