At Cartelligent, we love helping our clients buy or lease the right car for them. In the past years, we’ve seen an increasing interest in electric and plug-in hybrid vehicles. As a number of manufacturers are announcing major shifts towards green vehicles, we wanted to compile a complete list of what each brand has announced.
OEM EV Announcements 2021 – What Manufacturers Are Doing
In May, the U.S. Department of Energy provided an updated overview of the latest electrification announcements for the U.S. light-duty vehicle market. General Motors, for example, plans to introduce 30 new EV models worldwide by 2025, and 40% of its U.S. offerings will be EV. Toyota plans to expand to around 70 electrified models globally by 2025.
What’s driving this push to electric vehicles?
To help combat climate change, governmental regulations, both state and local, are continuing to push in the direction of stricter CO2 targets, putting pressure on vehicle manufacturers to move to electric. In the state of California, for instance, the goal is to cut greenhouse gas emissions to 40 percent below 1990 levels by 2030. Add to that the increasing availability and convenience of charging stations, desire among consumers for electric vehicles is increasing. And, with the success of Tesla motors, it’s not surprising that more and more vehicle manufacturers are racing to catch up.
Here are the May 2021, Original Equipment Manufacturer OEM electrification announcements.
|Audi of America||Aims for one third of its portfolio to be electrified by 2025|
|Bentley Motors||• In 2026, all offerings will be available only as an EV or plug-in hybrid electric vehicle (PHEV)
• By 2030, every single Bentley will be powered exclusively by electric motors and on-board electric batteries
|BMW||EVs are expected to make up 50% of worldwide sales by 2030|
|Cadillac||Exclusively offer EVs by 2030|
|Ferrari||•Plans to have its lineup 60% hybrid by 2022
•First fully electric model in 2025.
|Fiat||60% of the company’s vehicles will be hybrid, PHEV, or EV by the end of 2021|
|General Motors||•30 new EV models worldwide by 2025, 40% of the U.S. offerings will be EV
•Goal to eliminate tailpipe emissions from new light-duty vehicles by 2035
|Lexus||Introduce 20 new electric-drive vehicle models by 2025|
|Honda||•Exclusively sell EVs and fuel cell electric vehicles (FCEVs) by 2040
•Interim goals that EVs and FCEVs will make up 40% by 2030 and 80% by 2035
|Hyundai||Introduce 23 EV models and sell 1 million EV units worldwide by 2025|
|Jaguar/Land Rover||Jaguar and Land Rover will offer EV versions by 2030. By this time, in addition to 100% of Jaguar sales, it is anticipated that around 60% of Land Rovers sold will be equipped with zero tailpipe powertrains.|
|Kia||Seven new dedicated EVs to launch by 2027|
|Maserati||All vehicles will be hybrid or all-electric by 2025|
|Mercedes-Benz||20 new PHEVs would be in global production by the end of 2020|
|MINI||•Introduce its last gas model in 2025
•Half of its sales to be electric by 2027
•Stop selling gas cars by 2030
|Mitsubishi||EVs to make up 50% of total global vehicle sales by 2030|
|Nissan||By the early 2030s, every all-new vehicle offering in key markets will be electrified|
|Porsche||Electric-drive vehicles are expected to be 80% of its global vehicle sales by 2030|
|Toyota||Expand to around 70 electrified models globally by 2025|
|Volkswagen||EVs are expected to exceed 50% of U.S. sales volumes by 2030|
|Volvo||Only sell EVs by 2030|
This table doesn’t capture companies that exclusively offer all-electric vehicles, such as Tesla. As new models are released in the future, The U.S. Department of Energy encourages consumers to check its Alternative Fuels Data Center’s Alternative Fuels and Advanced Vehicles database for the most current information.
With more EV models becoming available each year, as a new vehicle purchaser, you have a lot to think about. As we mentioned in a previous blog post, here are the top 5 things to consider when choosing an electric vehicle.
If you are looking at buying or leasing an electric vehicle and would like some expert assistance, Cartelligent’s local advisers can help you decide which EV is best for your needs and get you a great deal on a new EV purchase or lease.
Cartelligent is an online new car buying and leasing service serving customers all over California. Since 2000, we have helped our customers get a great sales price on the vehicle they want and provided the best possible buying and leasing experience. Our local advisers are ready to help you select the right car, SUV or truck for your needs.