The Climate Group Initiates EV100, A Revolution to Accelerate the Market Shift to Electric Transport

The Climate Group Initiates EV100, A Revolution to Accelerate the Market Shift to Electric Transport

The Climate Group, through EV100, is targeting the electrification of more than two million vehicles by 2030. The initiative now brings together 31 leading companies with combined revenue of over half a trillion US dollars.

23 companies have committed for switching to EVs. Together they are switching 145,000 vehicles by 2030, saving over 6.6 million metric tons CO2e – equivalent to the carbon footprint of six million Indian households.

Over 95 per cent of these businesses cite reducing greenhouse gas emissions as a ‘very significant’ or ‘significant’ driver for switching, and 80 per cent cite the need to tackle air pollution. A third identifies financial savings as an incentive.

“With countries pledging to end sales of the combustion engine and cities bringing in low or zero emission zones, forward-thinking companies are getting ahead of the curve now by switching to electric vehicles. The private sector has an instrumental part to play in bringing down emissions and cleaning up our air – and there are big opportunities for companies taking action now”, says Helen Clarkson, CEO, The Climate Group.

Global information technology company Wipro will switch its fleet to 100 per cent electric by 2030, firstly in the Indian cities of Delhi, Bangalore, Hyderabad and Pune, then in international markets.

“At Wipro, we see our progress embedded in leading change for our customers, partners, suppliers, and employees through sustainable business practices. Adoption of electric vehicles allows us to demonstrate our firm commitment towards ‘Good Citizenship’ by reducing the ecological footprint of our business operations and enabling a cleaner environment in cities where we have a presence”, says Hariprasad Hegre, Senior Vice President & Global Head - Operations, Wipro Limited.

Ingka Group (formerly IKEA Group) is future-proofing its operations by switching to EVs. Due to future limits on vehicle emissions in Amsterdam’s city centre, from 2025 it would lose direct access through deliveries to more than 390,000 households and $30.2 million turnover per year. The retailer has committed to 100 per cent zero-emission last-mile deliveries in five major cities by 2020 – and last month reached this goal in Shanghai one year early.

“Transforming our deliveries to zero emission options is no longer a nice to do – it’s a must. Air pollution is severe, for both people and our planet, and we need to take action. As a business, the transition will help us mitigate a huge business risk as cities are restricting the use of fossil fuels. It’s a win-win-win, and we see no reason to delay this”, says Pia Heidenmark Cook, Chief Sustainability Officer, Ingka Group.

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