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New alliance announces bold target of 1 Million additional electric vehicles on road by 2015

Date
20 September 2010
New alliance announces bold target of 1 Million additional electric vehicles on road by 2015
  • 11 founding members announce ‘EV20’ alliance to scale up plug-in electric vehicles (EVs)
  • Group aims for 20% share of global vehicle sales to be electric by 2020
  • Deutsche Bank, PSA Peugeot Citroën, Smith Electric Vehicles and TNT join The Climate Group to be part of the alliance

Today, a group met to discuss their influence over the future of the electric vehicle (EV) market. The global alliance consisting of businesses and government leaders and led by the international NGO, The Climate Group, set an ambitious target to put one million additional EVs on the road by 2015, on top of EVs that automakers are already planning to bring to market.

Businesses joining the alliance included global fleet owner TNT, auto manufacturers PSA Peugeot Citroën and Smith Electric Vehicles, battery manufacturer Johnson Controls, Better Place and Deutsche Bank. The state governments of Basque Country, New York State, Quebec, South Australia and Victoria also joined the group.

Chaired by HSH Prince Albert II of Monaco, the EV20 alliance was formally announced at the Opening Ceremony of Climate Week NYC (www.climateweeknyc.org).  “The rapid growth of an e-car market will cut city pollution and global greenhouse gas emissions helping to conserve our climate and our energy resources,” said the Prince. “The development of EV fleets could also help to shift the way we use and store energy.”

EV20 members agreed to work together over the next three years to pursue targets that they believe will change the game on the EV market. The business and government partners aim to achieve this through brokering international fleet procurement alliances, developing national, state and municipal policy frameworks, and financing solutions. 

“EV20 aims to connect the leaders in the field, speed up the learning process and pool resources. We’re delighted that these influential organizations have joined us in this effort.  Electric vehicles are cleaner and more efficient, even based on today’s energy sources,” said Jim Walker, Co-Founder and Director of The Climate Group. “Governments, banks and businesses around the world are grappling with the same challenge: how to harness the potential of plug-in vehicles for their citizens, workers and investors.”

As part of the American Recovery and Reinvestment Act, the US government recently invested $2.4 billion to develop next-generation batteries and electric drive components. This could lead to tens of thousands of US manufacturing jobs and half a million batteries a year by late 2014. Later this year, the Nissan Leaf and Chevy Volt will reach US showrooms. 

The Climate Group’s EV20 meeting in New York City is the latest in a series of meetings to build an international ‘coalition of the willing’ to rapidly advance the commercial deployment of EVs around the world. There will be further meetings at the UN climate talks in Cancun (Mexico) later this year.  The alliance is made possible with support from Prince Albert II of Monaco Foundation, Dutch Postcode Lottery and the HSBC Climate Partnership.

Continue reading the full press release here.

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