Leading global businesses boost electric fleets by 57% in 2024, according to EV100’s latest report

  • EV100’s latest report reveals a historic shift towards electric fleets by major corporations.
  • Over 630,000 cars and vans have transitioned to electric across 71 global markets.
  • The report emphasises the need for collaboration between businesses and policymakers to accelerate the transition to electric mobility.

Major corporations around the world have increased their electric fleets to over 630,000 units

The latest EV100 ‘Charging the EV Transition’ Annual Report sheds light on a historic move within the automotive industry. Major corporations are spearheading a revolutionary shift towards electric vehicles (EVs).

Over 630,000 cars and vans have been transitioned to electric across 71 diverse global markets. This monumental achievement is thanks to the concerted efforts of 128 corporate giants participating in the EV100 initiative, orchestrated by the Climate Group. 

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Sandra Roling, Director of Transport, Climate Group, says:  

“Businesses continue to lead the EV charge. Year on year, we’re seeing more ambition and it’s translating into real change, with more EVs deployed in the last 12 months by EV100 members than across any other.  

Yet there’s more work to be done to make the transition truly global, despite our network spanning 71 countries already. We’re seeing ambition rapidly translate into action in leading countries where the right policy context has been created. But companies still face challenges in less advanced markets where EVs are difficult to obtain and charging infrastructure is lacking.” 

The past year witnessed a remarkable surge in EV adoption, with 231,000 vehicles making the switch to electric. That’s a staggering 57% increase from the previous year. 

In addition to vehicle conversions, EV100 members have been pivotal in bolstering EV infrastructure

The companies have strategically installed over 35,000 EV chargers at 3,442 locations worldwide. Notably, this infrastructure expansion saw an impressive addition of 5,000 chargers in the past year alone.

EV100 members have set a target of running 5.45 million EVs by 2030. Automakers, urged to ramp up production and availability of affordable EV models suitable for corporate fleets, hold the key to achieving this goal.

Matt Helgeson, Head of Sustainability, Siemens USA, adds: 

“We’re encouraged by the results of the Climate Group’s report and the progressive transition to electrified transportation. Along with our partners at EV100, Siemens has committed to electrify our fleet across the globe by 2030. 

With so many others setting similar goals there is a significant need to ensure the infrastructure is in place to support this transition, so we are also investing in manufacturing EV chargers and technologies to advance the future of accessible and interoperable electrified transport.”

Moreover, policymakers are called upon to play a crucial role in expediting the EV transition. There is a pressing need for governments worldwide to prioritize the development of public charging networks and collaborate closely with forward-thinking businesses to ensure targeted infrastructure investments.

Implementing decisive measures, such as establishing clear phase-out dates for petrol and diesel vehicles and enforcing zero-emission vehicle (ZEV) mandates and CO2 standards, will provide businesses with the necessary impetus to invest confidently in fully electric fleets.

Despite significant progress, challenges persist, particularly in less developed markets where EV procurement and charging infrastructure remain daunting tasks. Nonetheless, with steadfast commitment and collaborative efforts from businesses, policymakers, and stakeholders, the electrification of mobility is poised to gain unprecedented momentum, propelling us toward a sustainable and electrifying future.

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