(Reuters) – Car and truck makers from Volkswagen to Nissan and Ford have embraced the narrative that reducing carbon emissions in line with the Paris Agreement should be a main tenet of their business agenda.
Below is a summary of key goals set by major automakers and brands for electric vehicle production – hybrids, battery electric vehicles, and fuel cell vehicles powered by hydrogen – listed in alphabetical order.
BENTLEY (VOLKSWAGEN)
2025 – produces first electric vehicle.
2026 – 100% of global sales to be plug-in hybrid or all-electric.
2030 – 100% of global sales to be all-electric.
BMW
2030 – 50% of global sales to be all-electric.
FORD MOTOR CO
2024 – All vehicles produced in Europe to be electric.
2025 – To invest $30 bln in battery-electric cars by this year.
2030 – 40% of global volume, including 100% of European line-up to be all-electric.
GENESIS (HYUNDAI MOTOR CO)
2030 – 100% global sales to be all-electric.
GM
2035 – 100% of global sales to be all-electric.
HONDA
2022 – 100% of European line-up to be hybrid or all-electric.
2030 – 40% of sales in major markets to be all-electric.
2040 – 100% of sales in major markets to be all-electric.
HYUNDAI MOTOR GROUP
2030 – 30% of global sales to be all-electric.
2040 – 80% of global sales to be all-electric.
MERCEDES-BENZ
2030 – To be all-electric worldwide (if market allows), sees $40 bln investment in electric vehicles.
NISSAN
Early 2030s – New cars in key markets to be electric.
STELLANTIS
2025 – Investing $35.5 bln in EVs, 70% of European sales and 35% of U.S. sales to be hybrid or all-electric.
TOYOTA
2030 – 70% of U.S. sales to be hybrid or all-electric. Global sales of approximately 8 million electrified vehicles, of which 2 million will be battery-electric or fuel cell.
VOLKSWAGEN (BRAND)
2030 – 70% of European sales to be all-electric, 50% in the U.S. and China.
2035 – 100% of European sales to be all-electric or hybrid.
VOLVO
2050 – 50% global sales to be hybrid, 50% battery electric
2030 – 100% of global sales to be all-electric.
(Reporting by Victoria Waldersee)
