Updated: Manufacturer Transition Committments

September 1, 2022

Notes from manufacturers preparing for technology transitions ahead with passenger electric vehicles:

  1. Mercedes Benz – July 22, 2021– (https://group-media.mercedes-benz.com/marsMediaSite/en/instance/ko/Mercedes-Benz-prepares-to-go-all-electric.xhtml?oid=50834319).
    1. By 2025, the entire Mercedes-Benz Cars product range is set to be electrified.
  2. Honda –  April 23, 2021 (https://hondanews.com/en-US/honda-corporate/releases/release-32797eaea7316f1bed4bfcd27919f703-honda-targets-100-ev-sales-in-north-america-by-2040-makes-new-commitments-to-advances-in-environmental-and-safety-technology)  
    1. Honda announced plans to exclusively sell electric vehicles (EVs) and fuel cell electric vehicles (FCEVs) by 2040. Honda set Interim goals that EVs and FCEVs will make up 40% by 2030 and 80% by 2035.
  3. Mitsubishi – November 2, 2020 (https://www.mitsubishi-motors.com/en/newsrelease/2020/detail1300.html)
    1. Mitsubishi plans EVs will make up 50% of total global vehicle sales by 2030.
  4. Volkswagen Group – March 21, 2022 (https://www.volkswagen-newsroom.com/en/press-releases/volkswagen-group-raises-investments-in-future-technologies-to-eur-73-billion-6607)
    1. Volkswagen is aiming for 55% of U.S. sales to be EVs by 2030.
    1. Bentley Motors, part of the Volkswagen Group, announced all vehicles will be EVS or plug-in hybrid electric (PHEV), by 2026 and all vehicles will be electric powered after 2030 (https://www.bentleymotors.com/en/world-of-bentley/beyond-100.html).  
  5. Maserati – November 26, 2020 (https://www.reuters.com/article/us-fiat-chrysler-maserati/maserati-to-electrify-entire-line-up-in-next-five-years-ceo-idUSKBN286167).
    1. All vehicles will be EVs or PHEVs by 2025.
  6. Fiat – December 1, 2020 (https://www.reuters.com/article/us-fiat-chrysler-fiat-electrification/fiat-brand-to-electrify-60-of-its-models-by-end-2021-executive-idUSKBN28B54F)
    1. Fiat announced that 60% of the company’s vehicles will be electric by the end of 2021.
    1. June 7, 2021:  Fiat announced it will be an electric-only brand by 2030 (https://electriccarsreport.com/2021/06/fiat-to-become-all-electric).
  7. Hyundai – Accessed August 31, 2022 (https://www.hyundaiusa.com/us/en/hybrid-electric)
    1. By 2040, all Hyundai vehicles sold in major global markets will be electrified vehicles. Hyundia is becoming 100% carbon neutral by 2045.
  8. BMW Group – December 8, 2020 (https://www.press.bmwgroup.com/global/article/detail/T0313566EN/more-than-seven-million-vehicles-with-all-electric-or-plug-in-hybrid-drive-systems-by-the-year-2030)
    1. BMW plans that EVs will make up 50% of sales by 2030.
    1. July 4, 2022: (https://www.press.bmwgroup.com/global/article/detail/T0378933EN/bmw-group-steps-up-rapid-pace-of-growth-in-electromobility-and-more-than-doubles-sales-of-fully-electric-vehicles-in-first-quarter?language=en)
      1. In 2022, the company aims to again more than double its sales of fully-electric vehicles compared to last year. By the end of 2025, the company aims to have more than two million fully-electric vehicles on the roads. The MINI brand will have an all-electric product range by the early 2030s, while Rolls-Royce will become an all-electric brand from 2030. All future new models from BMW Motorrad in the field of urban mobility will also be fully electric, like the BMW CE 04, the new electric champion for the city.
    1. 2021 Sustainability Report: (https://www.bmwgroup.com/en/sustainability/our-focus/electromobility.html)
      1. In 2021, the BMW Group delivered a total of 328,314 all-electric and plug-in hybrid vehicles (2020: 192,662) to customers, around 104,000 of them with all-electric drive systems.
  9. Kia – January 15, 2021 (https://press.kia.com/eu/en/home/media-resouces/press-releases/2021/Movement-that-inspires.html)
    1. Kia plans to offer 7 ‘dedicated’ EVs by 2027.
    1. 2022 Sustainability Report: (https://worldwide.kia.com/int/company/sustainability/sustainability-report)
      1. Full line-up of 14 EV models in 2027
      1. 1.2 million EV sales in 2030
        1. Goal of 4 million annual vehicles sales by 2030, 2 million being “eco-friendly” models
  10. Nissan – August 5, 2021 (https://usa.nissannews.com/en-US/releases/release-25819c9aeb4792ebec3d4ddceb2bb4bd-nissan-targets-40-of-us-sales-to-be-electric-by-2030)
    1. Nissan targets 40% of U.S. sales to be electric vehicles by 2030.
    1. 2022 Sustainability Report: (https://www.nissan-global.com/EN/SUSTAINABILITY/LIBRARY/SR/2022/)
      1. Sell 1 million 100% EV and e-Power vehicles by 2023
    1. November 29, 2021: (https://global.nissannews.com/en/releases/nissan-ambition-2030-vision-to-empower-mobility-beyond)
      1. Launch 15 new EVs
      1. Aiming for 50% electrification mix globally by fiscal year (FY)2030
        1. The United State by 40% of EV sales in FY 2030
  11. General Motors (GM) – August 5, 2021 (https://www.whitehouse.gov/briefing-room/statements-releases/2021/08/05/statements-on-the-biden-administrations-steps-to-strengthen-american-leadership-on-clean-cars-and-trucks/).
    1. In August, GM announced a goal to achieve sales of 40-50% of annual U.S. volumes of EVs (EVs, PHEVs, and FCEVs) by 2030.
    1. In January 2021, GM announced the release of 30 new EV models worldwide by 2025, and 40% of the U.S. offerings will be electric. The company set a goal of selling only zero-emissions vehicles by 2035. (https://plants.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2021/jan/0128-carbon.html)
    1. GM’s EV page – Accessed August 31, 2022: (https://www.gm.com/electric-vehicles)
      1. Between 2020 and 2025, GM will invest $35 billion in EV and autonomous vehicles product development spending, exceeding GM’s gas and diesel investment.
    1. October 6, 2021: (https://www.nytimes.com/2021/10/06/business/gm-revenue-goals.html#:~:text=The%20automaker%20said%20on%20Wednesday,streams%20from%20software%20and%20services.)
      1. GM aims to roughly double its annual revenue by 2030, to about $280 billion…is counting on new EVs (e.g., trucks) for much of the growth while adding new revenue streams from software services.        
  12. Jaguar Land Rover – February 15, 2021 (https://media.jaguarlandrover.com/en-us/news/2021/02/jaguar-land-rover-reimagines-future-modern-luxury-design)
    1. Jaguar will sell only EVs starting in 2025. All Land Rover models will have an electric version by 2030.
    1. 2022 Sustainability Report: (https://www.jaguarlandrover.com/annual-report-2022)
      1. From 2024 a “pure-electric” New Range Rover will be released.
      1. Over the next four years (to 2026) Land Rover will welcome 6 all-electric vehicle variants.
      1. Expect 60% of global Land Rover sales to be all-electric by 2030.
  13. Volvo – March 2, 2021 (https://www.media.volvocars.com/us/en-us/media/pressreleases/277409/volvo-cars-to-be-fully-electric-by-2030)
    1. Volvo plans to sell only EVs by 2030.
  14. Mini – March 13, 2021 (https://electrek.co/2021/03/14/mini-will-introduce-last-gas-model-in-2025-go-all-electric-by-2030/)
    1. Mini will release their last gasoline-powered car in 2025 and will be all-electric by 2030.
  15. Ford – August 5, 2021 (https://www.whitehouse.gov/briefing-room/statements-releases/2021/08/05/statements-on-the-biden-administrations-steps-to-strengthen-american-leadership-on-clean-cars-and-trucks/) 
    1. Ford joined GM and Stellantis in announcing 40-50% of its annual vehicle sales will be EVs/PHEVs/FCEVs by 2030.
  16. Stellantis (Dodge, Chrysler, and Jeep) – August 5, 2021 (https://www.whitehouse.gov/briefing-room/statements-releases/2021/08/05/statements-on-the-biden-administrations-steps-to-strengthen-american-leadership-on-clean-cars-and-trucks/) 
    1. With Ford and GM, Stellantis announced 40-50% of its annual vehicle sales will be EVs/PHEVs/FCEVs by 2030.