“Essentially”  the debate is over that electric vehicles are going to be a majority of vehicles on the road by 2030. This once far out belief that electric vehicles will be a majority is going to become a reality. GM even has pledged to not produce any more vehicles with a tailpipe emission by 2035. could be in the running for 2021 word of the year, but defining which workers will carry that label from the government is a challenge. IXR Mobility is taking the public stand for more EV State and Federal Tax Credits for pre-owned certified electric vehicles. We look to discuss EV ESG investment solutions.

IXR MOBILITY ESG Company

Environmental, Social, and Governance

ESG stands for Environmental, Social, and Governance. Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities.

Few areas in the world of clean energy are as dynamic as the electric car market. Sales of electric vehicles (EVs) doubled in 2021 from the previous year to a new record of 6.6 million. Back in 2012, just 120 000 electric cars were sold worldwide. In 2021, more than that many are sold each week. Nearly 10% of global car sales were electric in 2021, four times the market share in 2019. This brought the total number of electric cars on the world’s roads to about 16.5 million, triple the amount in 2018. Global sales of electric cars have kept rising strongly in 2022, with 2 million sold in the first quarter, up 75% from the same period in 2021.

The success of EV’s is being driven by multiple factors. Sustained policy support is the main pillar. Public spending on subsidies and incentives for EV’s nearly doubled in 2021 to nearly USD 30 billion. A growing number of countries have pledged to phase out internal combustion engines or have ambitious vehicle electrification targets for the coming decades. Meanwhile, many carmakers have plans to electrify their fleets that go further than policy targets. Finally, five times more new EV models were available in 2021 than in 2015, increasing the attractiveness for consumers. The number of EV models available on the market is around 450.

IXR MOBILITY helped to fight for

Expand EV infrastructure and smart grids

Governments should continue to support deployment of publicly available charging infrastructure at least until there are enough EVs’ on the road for an operator to sustain a charging network. Continued government support, either through regulations requiring the building out of charging stations or through local policies and support, should ensure equitable access to charging for all communities to ensure that nobody is left behind in the transition. Incentivizing and facilitating the installation of home chargers in existing parking spaces is important. Mandating EV charging readiness for new buildings can help. At the same time, local authorities should support the installation of chargers in existing buildings. Co-ordinated plans on grid expansion and enhancements, including digital technologies to facilitate two-way communication and pricing between EV’s and grids, are needed now to ensure that EV’s can become a resource for grid stability rather than a challenge.