Change is afoot in the global automotive industry. Some of the world’s biggest economies have promised to ban cars that run without electric power by 2040 – and others are expected to follow suit. In a three-part series, we explore one of our impact investment themes – future mobility – by highlighting companies leading the charge towards cleaner, intelligent, connected and autonomous mobility.
Today, governments are rushing to limit the use of fuel sources that have dominanted the automotive industry, amid greater efforts to make the global economy less carbon-intensive.
France has pledged to ban the sale of diesel and petrol cars from 2040, the UK is planning a ban on the sale of most hybrids and all petrol and diesel cars by 2040, and India and Germany are targeting 2030 to impose similar bans. And by 2025, China wants 20% of its new cars powered electrically. Other governments are expected to follow suit.