The e-mobility game is changing and organisations are looking at ways in which they can swap out their fleets for electric vehicles (EVs), implement plans to install charging facilities, and, in the case of startups, coming up with new ideas to support electrification.
But, is the world ready for e-mobility? This is something that we have covered extensively in our first edition of the digital magazine and will continue to elaborate on as industries shift their motives towards sustainable outcomes.
To find out exactly how prepared we are for a world of electric-enabled fun, we turn to the experts who are keen to share just how important this move is and, more importantly, whether it is going to happen fast enough.
The business consulting firm Arthur D. Little provides great insight into this via its Global Electric Mobility Readiness Index (GEMRIX), a report that outlines the current e-mobility landscape in 2022. The index also ranks the top performers in terms with Norway leading the charge.
“GEMRIX 2022 shows that market readiness and EV adoption are driven by different factors in different regions,” says Philipp Seidel, Automotive Mobility Strategist at Arthur D. Little. “In some markets, environmental friendliness is key, while in others, cost and ease of use are the main reasons for adoption.”
While the impending climate impacts are widely known, Seidel explains that e-mobility must also be financially viable for companies and authorities to access it. Much like any sustainability initiative there are commercial conflicts, such as cost and adaptability.
“But, perhaps our key takeaway is that legislative and regulatory bodies play a central role in shaping the market for EVs. Ultimately, every country can adopt EVs in the coming years if their respective governments promote investment accordingly,” says Seidel.
What does the GEMRIX say about the EV industry?
The index is designed to highlight the countries that have EV potential. It provides each with a score of 100 or higher suggesting that it is equally beneficial to purchase and run an EV in place of an internal combustion engine (ICE) vehicle. The top ranking country, Norway scored 115, meaning that ICE cars are no longer the most efficient and cost-effective forms of transportation.
The three clusters recognised in the report, in terms of their readiness for EV adoption, are:
- China, Germany, UK and Singapore, which were scored with 80 points using the GEMRIX metrics
- The US, Japan, Thailand, and United Arab Emirates (UAE) received scores between 40 and 60
- Mexico, India, Brazil, Indonesia, Vietnam, and South Africa are making a start in electrification, which is down to lesser economy and geographical restraints
The report aligns with some of the latest news shared by the EV industry, particularly in India where companies are starting to provide solutions for e-mobility, EV charging, and even electric motorcycles. However, at the top of the chart, will Norway be the first to go fully electric?