In addition to the well-known Tesla, General Motors, Ford Motor Company, Volvo, Fiat and Volkswagen, these are just some of the big automakers that have announced ambitious budgets, action plans and targets for the next decade, all with the aim of modernizing their offering. , increasing the number of hybrid and electric vehicles, which would help with the global goal of lowering CO2 emissions.
Tesla Motors, a company led by Elon Musk, has been one of the most successful in the world when it comes to technological advancements regarding the complete electrification of its vehicles. Under the command of the engineer from the University of Pennsylvania, the company has made great progress. An example of this is the 700% increase in your papers during the whole of 2020.
To the above, it is added that during that year it sold 499,500 vehicles, which left it very close to the 500,000 projected by Musk. All this success of the sister company of Space X, added to the increasingly strong international regulations on CO2 pollution, have caused the electric automotive market to seem the only option if it wants to survive as a company in this field in the future.
General Motors has committed to an investment of US $ 27 million and promising 30 fully electric models, all of that, between now and 2025 and they expect that by that year 40% of the profits collected in their country will be for these new electric models.
The objective set by the classic North American company is one of the most ambitious in the market, since most of the competitors point to a slightly slower transition.
An example of this is Volvo, the Swedish company defines as a first step the reduction of CO2 emissions through a mixture of methods, dealing with “electrification, hydrogen and the use of sustainable biofuels”. With this, they aim at a 40% reduction in the carbon footprint for each car that leaves their factories by 2025. However, its CEO, Martin Lundstedt, declared that “by 2030 we want more than a third of the machines sold by the Volvo Group are electric ”.
For 2025, various companies have set different goals, for example, Kia Chairman Ho Sung Song said they hope to invest US $ 25 billion and thus be able to offer 11 electric vehicles by that date, including plug-in hybrids. Hyundai Motor Group plans to sell 560,000 electric vehicles, Volkswagen announced a boost of US $ 86,000 million considered for electric mobility plans and hybrid vehicles.
Fiat and Mercedez-Benz add to this list, the first plans to invest US $ 10.5 billion in electrified vehicles over the next five years, and the second, expects that cars that combine high-tech combustion engines with electrification growing and hybrid models with fully electric propulsion represent between 15 and 25% of sales by that date
Finally, by 2025, Koji Toyoshima Toyota, a deputy factory manager at ZEV, said the automaker intends to sell 5.5 million electrified vehicles globally by that date.
On the other hand, China appears as the great threat to all the companies mentioned above, understanding that they are still the largest producers of electric cars and the population that has more cars of this type in circulation. Companies like NIO, Xpeng, Li Auto and WM Motor, referred to as the fabulous four by some, are pushing this leadership.