Car manufacturers' commitments

Over the past decade all major car manufacturers have committed to a conversion from ICE technology to electric vehicles. This is strongly complemented by a series of government policies including targetsset by the European Union and the United States, aswell as the New South Wales Government’s Electric Vehicle Strategy.

Commitments by manufacturers and the majority of the world’s governments mean that by 2030 the model mix offered by all major car manufacturers will be electric vehicles (BEVs and HFCEVs).

Figure 7summarises current commitments from the majority of car manufacturers.

Additionally, many manufacturers are looking at providing more entry level electric vehicles and supplementing their services by:

• Providing their own charging networks (e.g. Tesla); • Working with finance companies or electricity providers to provide more equitable and user-friendly cost solutions; • aligning themselves with battery manufacturers to exclude the battery from the vehicle’s purchase price, with the battery being provided as part of a lease which includes a maintenance agreement.

Figure 7- Key car manufacturer commitments (from NSW Electric Vehicle Strategy)