This article originally appeared on MarketWatch.
At President Joe Biden’s urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes that EVs can shift from niche to normal.
(ticker: TSLA), accounted for 2.4% of U.S. cars sold in 2020, up from 0.7% five years ago, according to BloombergNEF. The research provider expects that share to increase to 11% in 2025; by 2030, it expects that slightly over a third of vehicles sold in the U.S. will be electric.
Several auto makers had already announced bigger EV ambitions even before the White House call.
Here are each major car maker’s stated plans for EVs, including, when available, investment amounts and the range of models they hope to bring to market.
This information was collated from company sites, previous reports, and BloombergNEF projections, and will be updated regularly.
Audi, a brand known for its luxury cars and owned by Germany’s
(VOW), has promised to have battery-electric vehicles comprise 35% of its sales by 2025. By that time, Audi buyers will choose from about 20 EV models.
(BMW), a luxury-car maker from Germany, was among the first EV innovators. It launched its i3 compact EV eight years ago, then as one of the few serious competitors to Tesla’s vehicles.
BMW’s EV pipeline has slowed, but the auto maker has promised that 25% of its European sales will be all-electric and hybrid vehicles this year, and that all sales of its Mini brand will be battery electric by 2030. It expects to launch more than 10 battery EV models in the next couple of years.
Mercedes-Benz, owned by
(DAI), expects that between 15% and 25% of its sales will be comprised of EV sales by 2025; by 2030, that percentage is expected to grow to 50%. Mercedes-Benz is slated to end 2021 offering three new electric passenger car models and more to come in 2022.
(F) has said that 40% of its global sales by 2030 will be sales of EVs. Ford is aiming to have dozens of electrified models by 2022, the year that will also mark the debut of its much-awaited all-electric F-150 Lightning pickup truck.
Ford has called the Lightning the “pillar” of its more than $22 billion bet on EVs, which includes EV models for other best-selling vehicles such as the Mustang and its Transit van.
(GM) surprised Wall Street in January by saying it aims to phase out all of its internal combustion engine vehicles by 2035 and only sell zero-emission vehicles by then. The auto maker also promises to be carbon-neutral by 2040.
GM has said that it will offer 30 all-electric models globally by mid-decade, and that 40% percent of the company’s U.S. models will be battery electric vehicles by the end of 2025. Its Hummer electric is expected for next year, with production starting this fall.
The Japanese maker (HMC), which owns the namesake Honda brand and also the luxury-car brand Acura, is projected to derive 40% of its sales from EVs and fuel-cell electric cars by 2030. In April 2020, Honda and GM announced a partnership to develop Honda electric cars using GM’s Ultium batteries.
The Korean car maker (005380.South Korea), which also owns Kia, is aiming to have 40% of its Kia and Hyundai brands sales to be of EVs and fuel-cell electric vehicles by 2025. Its Hyundai brand plans on more than 30 electric passenger vehicles by then.
Mazda plans to offer 5% of its vehicles as battery electric by 2030, but EV sales targets as a percentage of total sales are unknown at the moment. Mazda does not offer EVs in the U.S., but sells a few EV and hybrid models elsewhere.
(7201.Japan) was among the first auto makers to offer an all-electric vehicle, and its the Nissan Leaf for years was one of the few options available for those without the deep pockets needed for a Tesla Model S.
Nissan plans to offer 20 EV models in China by next year, and for the U.S. the company recently said it plans that more than 40% of its U.S. vehicle sales by 2030 will be fully electric.
The car maker and almost synonym of sports cars is aiming to have half of its sales be of EV vehicles by 2025.
(STLA), the global auto maker formed earlier this year through the merger of Fiat Chrysler Automobiles NV and France’s PSA Group, said in July it was investing $35 billion in EVs and adjacent technologies through 2025.
By that year, Stellantis is expected to derive 31% of its U.S. sales and 38% of its European sales from EVs, percentages that are seen growing to 35% of U.S. sales and 70% of European sales by 2030.
The Japanese maker (7270.Japan) is expected to derive 40% of its sales from EVs and hybrid electric vehicles by 2030.
Some 70% of sales for the world’s No. 1 car maker (TM) are expected to come from EVs and fuel-cell electric vehicles by 2030. Toyota plans to offer 15 battery EV models by 2025. The car maker, of course, broke ground with its hybrid Toyota Prius two decades ago.
The car maker (VOW3) is expected to derive 70% of its European sales from EVs and 50% of its U.S. sales from EVs by 2030. Volkswagen has pledged to spend about $40 billion through 2025 on EVs.
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