We all know that the transition to electric automobiles is near, leading manufacturers have now taken drastic steps towards making this shift possible soon. Leading automakers have signaled their intention to scrap internal combustion engines by 2030 or cut back sharply on their production as the sector turns towards electric vehicles. Let’s take a look at what some of the leading automobile manufacturers have to say about this.
Firstly, let’s see BMW; this German luxury brand is intending sales of over 10 million electric vehicles within the next decade, a steep jump from its initial target of just four million vehicles. Although they already sell the i3 model it has lost market share to Tesla. Next, let’s take a look at Volvo, owned by a Chinese group. Volvo along with Bentley and Ford intends to no longer offer internal combustion models, including hybrids, by 2030. Volvo chief Hakan Samuelsson stated in March that by 2025, “half of our cars will be electric.”
Now let’s see what Renault and Toyota have to say in this regard; Renault expects EVs to account for more than 65 percent of its vehicles by 2025. Plans call for 10 new electric models by that date, including a new and affordable version of its classic compact, the Renault 5. Whereas Toyota is a hybrid pioneer and stuck to its guns for a long time before deciding to launch seven fully electric models by 2025. It expects 10 percent of European sales to be vehicles powered by electricity or hydrogen by then, along with 70 percent hybrids, 10 percent rechargeable hybrids, and 10 percent petrol.
Now Jaguar and Land Rover, iconic brands owned by the Indian group Tata, plans to devote a large part of its annual investment budget of £2.5 billion to electric vehicles. Jaguar expects to be completely electric by 2025.
Volkswagen, the German giant wants to be the global leader in electric vehicles. Its ID3 model, which was launched in late 2020, is battling Tesla for the top spot in the European electricity market. The company expects electric vehicles to represent half of all sales by 2030 and “almost 100 percent” by 2040 in its main markets. It has earmarked 73 billion euros in investments and, like Tesla, plans to create a global network of charging stations.
This was a brief idea on how leading automobile makers, want to shift to the electric era; reducing the burden on our environment.
