From initial engagement to competitive differentiation, ReutersGraphics analyzes automakers’ commitment to a sustainable future
Notes: Fiat Chrysler is an Italian/U.S. automaker with its corporate headquarters in London. 2020 vehicle sales not available, circles are sized according to 2019 sales.Transition leaders within the autos sector— which only produces electric vehicles — is ranked the highest and continues to lead the sector in terms of decarbonization. It has budgeted up to $5 billion for capex for 2019-2020 and recently opened a new vehicle and battery plant in China.
The COVID-19 pandemic has also disrupted demand for cars, with automakers including Tesla forced to furlough workers and close factories. Automakers in China may not meet the government’s ambitious targets for electrification, but analysts expect that 10% of vehicle production in 2026 will be pure electric and another 5% hybrid gasoline-electric. Ranked second and third according to the Reuters analysis, China’shave laid out ambitious plans to further electrify their fleets. BYD is spending $3 billion to quadruple EV battery production capacity in China.
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