![]() ![]() Within Scope 3, the most commonly set targets include only category 11 emissions, which covers those incurred in the fuel supply chain and use of fuel to power vehicles produced by the car company.Īutomakers aim to reduce emissions throughout the supply chain coming from sources controlled or owned by an organisation, and indirect emissions associated with the purchase of electricity, steam, heat, or cooling) by 50%-80%, relative to recent benchmarks, as well as certain Scope 3 emissions by 30%-50%, all in the 2030-2035 timeframe. The automotive groups have set targets for LDVs to reduce Scope 1 and 2 GHG emissions (i.e. In addition to goals to electrify vehicle production and sales, major automotive groups have set corporate decarbonisation targets.Įight major automotive groups that collectively accounted for more than 40% of LDV sales in 2022 – BMW Group, Ford, General Motors, Mercedes-Benz, Renault Group, Toyota, Volvo Cars, and VW Group – have joined the Science-Based Targets initiative, which defines a common framework and path to reduce emissions in line with the Paris Agreement. Half of its total 1 million sales target by 2025 to be NEVs 1.5 million vehicles (mostly NEVs) sold by 2030 NEVs to make up 1 million of 3 million in total sales in 2025 Plans for 100% of EV sales by 2035 and 50% EV sales by 2030 in their Environmental Targets 2030Ĭumulative sales of over 2 million EVs by the end of 2025 EV sales shares of 30% by 2025, 50% by 2030Īims to have fully electric line-up by 2030Īll new model launches from 2026 to be electric to sell 100% EVs by 2028Ĭeased ICE vehicle production has produced only EVs since March 2022Īnnual sales of 1 million NEVs by 2023 including small EVs 40% NEVs in total sales by 2025 Updated global target to 44% EV sales by 2026 (with regional subtargets for Europe, Japan, China, and the United States) and to 55% EV sales by 2030 ![]() Targets fully electric production by 2033 (brought forward by two years)ġ 500 000 BEV sales introduce 10 additional models by 2026 committed to a multi-pathway approach to reduce CO 2, including continuing development of FCEVs and PHEVsĮxpects at least 25% of sales globally to be BEV in 2030Īims to launch 30 EV models globally by 2030, with production volume of more than 2 million units annually Voluntary announcements of EV targets have become increasingly common across the automotive industryĪutomakers’ electrification targets for LDV since 2022 Just seven automakers, which were collectively responsible for nearly half of LDV sales in 2022, have capital expenditures of more than USD 55 billion on emerging automotive technologies since 2019, including for manufacturing facilities. In addition, automakers continue to invest increasing sums in electrification and digital technologies. Several Chinese OEMs recently announced EV targets in contrast with OEMs based in the rest of the world, Chinese car manufacturers’ targets are generally shorter-term and tend to be well within reach of current NEV market shares. Major new OEM announcements have been made at the global level and regionally in 2022-2023. Indeed, it is probably no coincidence that the most ambitious targets are for the European market, where the newly amended CO 2 emission standards would mean that all new cars and vans will be zero-emission by 2035. However, manufacturers’ targets are non-binding and still often focus only on leading EV markets. As shown in Prospects for electric vehicle deployment, these targets often exceed not only regulatory requirements (as reflected in the Stated Policies Scenario), but also government ambitions (as reflected in the Announced Pledges Scenario). Targets may be formulated in terms of total sales volumes, as sales shares, or as an ambition to transition all sales of the company or of a certain brand to all-electric.
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