EV100 report charts business progress in switching to EVs

The pace of progress on electric vehicles is a cause for optimism in the fight against climate change, according to The Climate Group’s latest EV100 Progress and Insights Annual Report.

The report examines 23 member organisations’ fleet and charging commitments, identifying climate action as a key driver, alongside the opportunity to be seen as a leader, and a rapidly maturing business case.

Launched in September 2017, The EV100 now comprises 31 major companies with over US$0.5 trillion in combined revenue and 2,000,000 employees globally. These have joined to accelerate the transition to EVs, targeting the electrification of more than two million vehicles by 2030.

A large chunk of this includes a commitment by LeasePlan to achieve net zero emissions across its entire customer fleet of 1.8 million vehicles.

Key findings in the report, entitled ‘Business Driving Demand for Electric Vehicles’, include

• 145,000 Vehicles to be switched to EV by 2030

• 6.6 million metric tons of CO2E to be saved by 2030

• 632,000 employees to have access to charging infrastructure

Helen Clarkson, Chief Executive Officer, The Climate Group, said: “Already, more than a dozen countries have pledged to phase out the internal combustion engine6, and the number of EV models is expected to double by 20227. 82% of members are using renewable energy in their EV charging, accelerating the clean energy transition more broadly.

“But we know we need to go further and faster to keep warming below 1.5°C. With costs falling fast and air pollution at crisis levels, now is the time for every major company to step up and ready themselves for an electric future.”