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Auto Manufacturers’ commitments to shift to EVs

With increased push from governments all across the world for EV adoption, automobile manufacturers are welcoming the change by making ambitious commitments on shift to green mobility. This article takes a look at various companies- homegrown and overseas and their plan for green mobility adoption.

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Auto Manufacturers’ commitments to shift to EVs

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  1. Auto Manufacturers’ commitments to shift to EVs With increased push from governments all across the world for EV adoption, automobile manufacturers are welcoming the change by making ambitious commitments on shift to green mobility. This article takes a look at various companies- homegrown and overseas and their plan for green mobility adoption.

  2. EV Manufacturers/players in India Tata motors with existing EV models- Nexon EV and Tigor EV, plans to launch 10 more new EVs by 2025. Over and above this, Tata Motors subsidiary Jaguar plans to completely shift to Electric Vehicles by 2025. Tata motors also looks to raise USD 1 Billion for its EV unit to facilitate this plan. Following Tata Motors is Mahindra Electric with plans for 6 EVs by 2025. Mahindra & Mahindra is also expanding its global EV footprint in 2 wheelers through collaborations. Through its acquired design house Automobili Pininfarina, M&M is also looking to create EV supercars. Maruti Suzuki is missing in action with a plan for only one EV by 2025. Morris Garage with its MG ZS EV in India plans to launch another EV within 2 years in the sub 20 lacs category. Hyundai with its flagship EV model Kona already in the Indian market has made an ambitious target of 1 Million EV sales per year worldwide by the year 2025. Hyundai is also planning to expand its portfolio of EVs to 23 by 2025. Global Scenario Audi, who recently launched three EV variants in India- e-tron 50, e-tron 55 and e- tron 55 Sportback plans to have 30 EV models globally by 2025. Audi has also committed to stop its ICE vehicle production by 2033. Other global manufacturers who have made commitments to completely switch to EVs include Volvo (2030), Fiat (2030), Mini (Early 2030s), GM (2035) and Honda (2040). Ford grabbed headlines last May with the EV version of F150- the most selling motor vehicle in the US for well over 30 years. With investments around USD 29 Billion by 2025, Ford has grand plans to switch the entire passenger vehicle range and two-thirds of its popular light-commercial vehicle range to fully electric by 2030 in Europe. Volkswagen is targeting 60 per cent hybrid or EV sales in the European market by 2030 and stop selling ICE vehicles by 2033.

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