2023-06-01 04:02:57
Electrification no longer has a brake. There are many car manufacturers in the race for sustainability with zero emission vehicles, production processes based on the use of renewable energy and a second life for batteries.
This change is already reflected in new vehicle sales. The proportion of electric (either pure, plug-in and fuel cell) has grown rapidly in the main markets. In 2022, China, the US and Europe reached 24, 21 and 7%, respectively, of sales in this segment.
Although there are brands that are already leading the change, others are still fighting for a coherent and slow transition that goes through hybrid electrified technologies. Brands like Tesla and BYD are leading the transition to zero emission vehicles. They are followed by BMW, Volkswagen, Stellantis, Geely, Renault, Mercedes-Benz, GM, SAIC, Ford and Hyundai-Kia. Others, such as Toyota, Nissan, Honda, Tata, Mazda and Suzuki lag further behind. This is revealed in the report “The Global Automaker Rating 2022: Who is leading the transition to Electric vehicles?”, Prepared by the International Council for Clean Transportation (ICCT), in which 20 out of the world’s leading car companies based on their progress in eliminating emissions.
Only the first two brands mentioned produce pure electric vehicles, and only BMW, Volkswagen and Mercedes-Benz have made great strides in using 100% renewable electricity. There are already nine manufacturers that have goals of 100% electric by 2035, or before, The report highlights that, despite its first position in the ranking, Tesla needs to offer more models of different sizes; and, in the case of BYD, consumers demand a technological improvement. Therefore, as the transition accelerates, all companies will have to evolve and grow to keep up with such a changing market. Above all, the five manufacturers based in Japan and India.
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Only half of automakers have reached just 10% or more of pure electric sales share, and 77% is needed by 2030 to stay on track toward Paris Agreement climate targets.
“Most of the main brands in the automotive sector are already very clear that electric vehicles are the only viable option to effectively decarbonise the road transport sector,” says Carlos Bravo, spokesperson for Transport & Environment in Spain. “We ask legislators to focus their regulatory efforts on accelerating the transition to electric vehicles in all sectors of road transport, providing the necessary legal and economic certainty to the sector, and to turn a deaf ear to the siren songs of the vehicle industry. fossil fuels in their misleading promotion of highly inefficient solutions such as biofuels and electric fuels. Betting on the latter would entail a huge energy penalty and could derail the entire effort to decarbonise road transport.
Infrastructure
The charging infrastructure is also part of the investment commitments in electrification. Investment in infrastructure represents between 0.4% and 3.1% of the total amount of investment per vehicle, depending on the manufacturer.
Some of them, based in the United States and Europe, are jointly investing in charging networks and partnerships. Mercedes-Benz, for example, plans to accelerate its global fast-charging network with an investment of more than $1 billion.
In Europe, VW plans to invest approximately €400 million in the form of strategic alliances to accelerate public fast charging, and this builds on the IONITY charging network effort. A commitment to which other manufacturers such as BMW, Ford and Hyundai-Kia have also joined.
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