EV100, part of The Climate Group, is targeting the electrification of more than two million vehicles by 2030, according to the first EV100 Progress and Insights Annual Report

The report “shines a light on companies’ fleet and charging commitments,” said Helen Clarkson, CEO of the Climate Group. “It identifies climate action as a key driver, alongside the opportunity to be seen as a leader, and a rapidly maturing business case – battery pack costs have fallen by 85% since 2010.” The report includes an analysis covering 23 members of EV100. “Despite identifying barriers such as lack of available vehicles and charging, these companies are switching at speed, sending a clear demand signal to the marketplace.”

According to EV100 members, key drivers for going electric are: reducing GHG emissions, leading the EV transition, reputational benefits, reducing local air pollution, and financial savings. Among these members, 82% already power at least some of their EV charging with renewable or zero-carbon energy.

A lack of charging infrastructure is cited as a very significant or significant barrier by 71% of EV100 members. The barriers with the highest ‘very significant’ scores are the current up upfront cost of EVs (33%) and the lack of EV options in key markets (24%).

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