Global EV100 initiative reports progress among major corporates shifting towards 100 per cent electric fleets as it targets two million EVs by 2030
More than 30 global corporates have now pledged to switch their road fleets to electric vehicles through the EV100 initiative, which has set a target of electrifying two million vehicles by 2030 through its membership.
Published today, The Climate Group’s first annual report on its EV100 initiative reveals 31 companies with a combined revenue of over $500bn have now made EV commitments as part of the campaign, including high profile names such as BT, IKEA, Unilever, EDF, and Heathrow Airport.
The report provides a detailed update on the commitments made by 23 member companies, which have together pledged to switch 145,000 vehicles to electric in 66 markets around the world by 2030.
Collectively, the EV commitments from these 23 firms could help to save an estimated 6.6 million metric tonnes of CO2, the equivalent carbon footprint of 1.9 million UK households, according to the report.
Of these members, 95 per cent cited greenhouse gas reduction as a ‘very significant’ or ‘significant’ driver for switching to EVs, and 80 per cent highlighted tackling air pollution as a key reason. A third also identified financial savings as an incentive for investing in EVs.
However, over 70 per cent of EV100 members also identified a lack of EV charging infrastructure as one of the biggest barriers to increased electric vehicle adoption.
Nevertheless, the report states that collectively EV100 member companies have made commitments that will give access to EV charging to over 630,000 of their employees by 2030.
Helen Clarkson, CEO of The Climate Group, said the report showed how leading corporates are helping to accelerate the wider market shift to electric transport by 2030.
With countries pledging to end sales of the combustion engine and cities bringing in low or zero emission zones, forward-thinking companies are getting ahead of the curve now by switching to electric vehicles, she said. “The private sector has an instrumental part to play in bringing down emissions and cleaning up our air – and there are big opportunities for companies taking action now here in the UK.”
Read more: Business Green