Electric Vehicles Adoption

The most durable platforms are the ones that empower everyone to get stronger together. That's always been our north star at Grab, so this publication of our 2025 ESG Report serves as a scorecard for our collective mission. Today’s volatile fuel prices are increasing costs for our drivers. So helping more of them switch to EVs isn't just about making a greener choice, it’s also a way to protect their livelihoods. But for this to work at scale we have to overcome two obstacles - financing, and charging infrastructure. We still have a long road ahead, but we’ve made some good progress. EV adoption on our platform in Thailand is 7x the national average, and 9% of total distance travelled across our platform is now on low-emission modes. In the report, we share the story of one driver, Ek, in Thailand, who wanted to switch to an EV but couldn't afford the upfront cost. Our "Drive to Own" programme with Susco gave him a path from renting to owning through manageable daily instalments. Ek told us that his operating costs have dropped 50% since the switch. By extending credit to our driver-partners in this way, we help them become more resilient to financial shocks. For 68% of driver-partners who borrowed from us, it was their first time ever having access to formal credit. On top of this, Grab uses AI to batch 44% of our orders and halve pick-up distances, reducing emissions and increasing driver earnings per hour. The sustainability flywheel only spins if it works for everyone. The highlights and full report are linked below if you’d like to dig deeper. For me, it is stories like Ek’s that give me conviction that what we’re building actually matters. I’m grateful to everyone across our ecosystem for making our progress possible. 📄 Full report: https://lnkd.in/gM5jxXqM

The UK’s new car market is at a crossroads. April saw a 10.4% drop in new car registrations, the sixth decline in seven months, highlighting a fragile economy and wavering consumer confidence. Strategic, long-term action is now essential. Tax changes, like the Vehicle Excise Duty (VED) adjustments and the Expensive Car Supplement, are reshaping consumer behaviour and shifting transactions unpredictably, demonstrating that policy has real-time impact. Electric vehicle (EV) adoption is growing. Battery electric vehicle (BEV) registrations rose 8.1%, but their 20.4% market share still falls short of ZEV Mandate requirements. Fleet buyers now make up 60% of the market, signalling progress but also an imbalance, private consumers are being sidelined from EV purchase and continuing to choose the internal combustion engine. On that point, as we push toward electrification and the launch of our new BEV in 2026, the Mazda6e, we must also recognise the continued relevance of internal combustion engine (ICE) vehicles. For many consumers, particularly in rural areas or with limited charging access, ICE vehicles remain the practical and affordable choice. A balanced market must support both paths during the transition, and we recognise this need at Mazda through our multi-solution approach to finding innovative solutions for our customers’ needs across the full range of vehicles and powertrains. To ensure sustainable growth: - Reform incentives: Make incentives more inclusive.  - Protect equality: Ensure lower-income consumers aren’t excluded from the green transition.  - Maintain consumer choice: Recognise that ICEs will continue to serve critical mobility needs during the transition, particularly for rural communities, those driving long distance and those not yet ready to make the switch to EVs.  - Drive awareness: Use media to improve consumer understanding of the ZEV mandate and what it means for them, including the continued option for the internal combustion engine cars and dispel misinformation.  - Invest in innovation: Advance EV tech and infrastructure to meet future demand and attract investment. We must avoid heavy-handed interventions that distort the market and penalise consumers. A one-size-fits-all approach won’t work. The transition to zero emissions must be inclusive, stable, and grounded in real-world needs.

Go green, or go home? Not really... we have a ways to go. The Victorian Government's Economic Bulletin shows Australia’s per capita transport emissions are 45 per cent higher than the OECD average. Given Australia's geography and land size, the transport industry is a large and important contributor to the economy's growth and development. On the flip side, the transport industry is the country's third largest source of greenhouse gas emissions, posing a significant source of long-term climate change risk. How can we accelerate #EV adoption? Treat it like any other #changemanagement #transformation initiative. Applying these principles to the EV transition means: 📍 Incentivising Early Adopters: Recognise and reward early adopters who can act as ambassadors and influencers for the broader community. 📍 Create the Right Environment: Introduce significant tax breaks and rebates for EV purchases, increase investment in EV charging infrastructure across urban and rural areas to alleviate range anxiety and encourage more drivers to make the switch. 📍 Corporate Switching Made Easy: Encourage companies to transition their fleets to electric vehicles through subsidies and support. Large-scale fleet changes can create a visible shift in the market and normalise EV use. 📍 Spreading Positive Narratives: Share success stories of individuals and businesses that have successfully transitioned to EVs. Personal testimonials - combining logic and emotion - are incredibly persuasive. 📍 Community is Key: Engage with local communities to understand their concerns and preferences regarding EVs, ensuring solutions are tailored to meet their needs, enabling widespread addoption. Australia has the potential to be a frontrunner in the electric vehicle revolution. By implementing these strategies, we can not only boost EV adoption but create a thriving industry that offers new career opportunities and environmental benefits. Have you made the switch? What's been the biggest pain and gain with your #electricvehicles? #SustainableTransport #Innovation #linkedinnewsaustralia #BehaviorChange

 Why EVs are a National Security Hedge The 2026 conflict in the Middle East has exposed a structural vulnerability in our economy that we can no longer ignore. With the Strait of Hormuz effectively blocked, Brent Crude prices are surging daily, sending shockwaves across the globe. This volatility moves directly into freight budgets, delivery surcharges, and the prices consumers pay at the checkout counter. For years, the business case for Electric Vehicles rested on two pillars: emissions and total cost of ownership. Both remain critical, but a third has become the most urgent for any executive: Resilience. For fleets, electrification is integral to reducing operational costs impacted by global uncertainty. Oil is a globally traded commodity with a price constantly shaped by geopolitics.When chokepoints are threatened, the resulting price spikes act as an immediate, regressive tax on every business that moves goods. This instability creates cost swings passed on to consumers through higher grocery prices, service calls, and deliveries. Hedging and fuel surcharges do not fix the underlying weakness of a transport system built around fuel priced by external global shocks. The shift to electrification is an operational reality. In 2025, global EV sales exceeded 20 million units. On the Geotab platform alone, connected electric vehicles logged nearly 900 million miles last year. These organizations are de-risking their supply chains. Every mile powered by the domestic grid instead of diesel is a mile protected from oil-price spikes — transforming a volatile variable cost into a more predictable, manageable expense. Range and infrastructure remain challenges for some heavy-duty or long-haul operations. However, advances in battery performance, depot charging, and smart route planning mean that light-duty, medium-duty, and regional "return-to-base" fleets have much to electrify right now. When you pair a fleet with on-site solar and managed charging, you stop being a price-taker and become an energy manager — a level of operational control that oil will never provide. Leaders moving fastest are using data to pinpoint exactly where they can remove oil exposure from their operations. Recent hesitation on electrification is a strategic error. Slower adoption doesn't preserve flexibility — it preserves dependence, leaving fleets and the broader economy exposed to the next supply shock, the next blockade, and the next jump in fuel-linked costs. Environmental benefit, economics, and resilience are now converging. For U.S. businesses and households alike, the geopolitical case for EVs is clear: fewer dollars tied to chokepoints half a world away, and more control over the cost of moving people and goods at home. Read more here: https://lnkd.in/eDzZC-8C

NITI Aayog’s report "#Electricvehicles in #India: Unlocking $200 Bn Opportunity" ⚡𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 • Aims: aggressive #electricmobility to cut fuel dependence, GHG, improve air quality. • Goal: 30% EV share in total vehicle sales by 2030. • EV sales rose from 50K (2016) to 2.08 mn (2024), slow transition. ⚡𝗜𝗻𝗱𝗶𝗮'𝘀 𝗘𝗩 𝗦𝘁𝗮𝘁𝘂𝘀 (𝟮𝟬𝟮𝟰) • Global EV sales ~18.78 mn (2024), w/ total stock ~61.21 mn. • India's EV sales ~2.08 mn (2024), total stock ~5.45 mn. • India performs well in e2/3W, Slow Progress: eCars & trucks. • Target 2030: increase EV share by ~22% in next 5 years. ⚡Indian OEMs & Suppliers opportunity & challenges. • OEMs desire single approach for PM E-DRIVE & PLI to avoid mixed signals. • Advocate: mandating % of EV sales for OEMs. • Reduced import duty on EV components, until manuf. scales for localization. • Supply constraints from OEMs pose barrier▶EV truck adoption. • GST piling up (18% input, 5% output) causes cash flow issues for manuf. ⚡𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: • Financing ebus/trucks is a major hurdle due to high costs and lender risks. • Inadequate charging facilities coupled w/ low utilization of existing public points. • Lack of #awareness about EV #performance & benefits limits adoption. • Inadequate data & regulatory gaps impede evidence-based policy making. • #powersupply connection problems & inconsistent fee structures impact #chargingstation viability. • High #publiccharging cost (18% GST): 4 times of #homecharging. ⚡𝗥𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗲𝗱 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 (𝟵 𝗣𝗶𝗹𝗹𝗮𝗿𝘀) • #transition from incentives to mandates for a stronger push. • #focus on subset of fleet based on high benefits & #ecosystem ease. • #prioritize saturation in limited geographies for impact & replication. • Enable finance for e-Bus/Truck to overcome high capital cost problems. • Shift focus to services delivered rather than assets procured. • Shift #capitalcost ➤ #operatingcosts (battery/vehicle #leasing ) • Scale R&D on new battery tech. for ⬇️ #prices, ⬆️ #energydensity & ⬇️ import dependence. • Strategically scale charging infra. based on viability & coordination. • Enhance awareness & information systems to counter misconceptions & support decision-making. ⚡𝗡𝗲𝘅𝘁 𝗦𝘁𝗲𝗽𝘀: • Develop clear policy w/ targets & timelines for EV transition. • Program of stringent reg. for EV transition within timeframes. • Launch program to saturate 5 cities w/ 100% e-Bus/Paratransit/freight. • Operationalize blended fund to reduce capital costs for eTruck/Bus. • Inter-ministerial committee: swiftly resolve inter-agency coordination. ⚡𝗨𝗻𝗶𝗾𝘂𝗲 𝗜𝗻𝗱𝗶𝗮𝗻 𝗖𝗼𝗻𝘁𝗲𝘅 • 2W form 75% of vehicles; cars are ~13%. • 98% of vehicles are small, #publictransport, or goods carriers. • Travel distances are short, w/ 54% of urban trips under 10 km. • Buses (94%) & trucks (80%) are managed by small pvt. operators. • 3W: vital & popular paratransit system component. • Cost-conscious consumers are deterred by high EV capital #costs.

2,000 Double Cabs? Or 2,000 Steps Backwards? The 2026 Budget may propose importing 2,000 diesel double cabs for State institutions. Yes — our public servants need reliable transport. But why buy yesterday’s tech with tomorrow’s money? A new diesel double cab costs ~Rs. 15–20 million. Over 10 years, fuel, maintenance, and repairs can add another Rs. 12–15 million per vehicle. That’s Rs. 27–35 million per unit — all paid from public funds, much of it in foreign exchange. Instead, let’s tender to Mobility-as-a-Service (MaaS) providers to supply government mobility via electric fleets: ✅ No upfront capital drain — pay per use/monthly fee ✅ Maintenance, insurance & telematics bundled ✅ Lower running costs — EV energy costs are 60–70% less than diesel ✅ Cleaner, quieter, lower-cost transport over the lifecycle ✅ Builds a local EV ecosystem and jobs The same budget could meet mobility needs AND launch a national EV fleet — keeping value in Sri Lanka instead of sending it overseas. Why lock into a decade of fossil fuel bills when we can lease smarter, greener mobility? #SriLanka #EV #MobilityTransition #MaaS #PublicSectorReform #FleetManagement #SustainableTransport #FiscalResponsibility

The transition to EVs is well underway, but recent research shows that women are adopting electric vehicles at a much lower rate than men. Not because they’re less interested, but because the industry isn’t meeting them where they are. Only 20% of women have considered an EV, compared to 33% of men. 70% of women say they don’t trust car dealerships, and 43% don’t trust car brands. A significant number believe EVs are more expensive to run than petrol cars even though that’s not the case. These gaps aren’t just about awareness, they’re about how the industry communicates, sells, and supports new technology. So, how do we change this? More accessible information: EV adoption grows when people feel informed and confident in their decisions. That means clear, practical insights on cost, charging, and real-world use cases. A better dealership experience: If most women distrust the process, that’s a signal for change. Training, transparency, and customer-first sales approaches will help more people feel comfortable making the switch. Rethinking how EVs are positioned: The narrative has often focused on early adopters and tech enthusiasts. But EVs are for families, professionals, and businesses, too and the messaging should reflect that. If we want widespread EV adoption, we need to ensure every driver feels like they have a place in this transition. This isn’t just about women, it’s about making the EV experience better for everyone.

The HERE-SBD Index, as laid out in this TechBrew article by Jordyn Grzelewski, points to both a reason for optimism and cause for urgency. Yes, 37,000 new charging points and a 52% increase in total charging power are nontrivial gains. But the slowing growth (%) relative to last year—especially with YoY declines in charger installations and power expansion—is a red flag. We’re at a pivot: EV adoption is accelerating, but infrastructure is still lagging. That could mean “range anxiety” is more than a perception issue, and a real risk for potential EV buyers. But simply installing more charging points is not going to solve this. It’s not enough to add volume; we need smarter deployment. That means more fast chargers in underserved locations, better maintenance so chargers are reliable, lower wait-times, and unified standards. Perhaps most importantly, it means aligning deployment with real usage patterns—not just dense urban maps. The NEVI rollout and similar programs must focus not only on “charger count” but on “charger experience” as measured in actual dwell times, charging speed, user satisfaction. If the infrastructure doesn’t keep pace in quality, policies and incentives alone won’t sustain adoption. #EVCharging #Infrastructure #GridInnovation #EnergyStorage #TransportationFuture https://lnkd.in/g-9auqwz

Local governments may not know it, but they have a key role in electrifying transportation. These are mostly new areas for city staff, who face countless challenges already. Consider: ⚙️ Local governments set permitting and regulatory requirements that determine whether charging is included in new multifamily housing developments - and they can also encourage existing apartment owners to make charging available for residents. 🅿️ Local governments typically control most parking in their communities - and they should be planning now to ensure that cars will have access to curbside right of way charging anywhere they are allowed to park. 🔌 Many local governments have secured Charging and Fueling Infrastructure grants to directly fund charging infrastructure (such as those announced just last week.) As states finish building out corridor charging under the NEVI program, they will also work with local governments to invest in community charging. 💡 Local governments operate large fleets themselves. By converting these fleets to electric vehicles, they can save money while helping their residents better understand EV technology. 🚲 🚍 Local governments face decisions about how to invest in bike facilities, transit, carsharing, and other alternatives to driving alone. Electrifying these options can often make them more attractive to users and cheaper to operate. Where should a local government begin? Luckily, we now have an answer! Under the leadership of the Interstate Renewable Energy Council (IREC), Forth and other partners have launched Charging Smart to provide free tools, guidance, and public recognition for cities, counties, and regional governments as they navigate these complex issues. For more information on Charging Smart, including how eligible communities can sign up, visit ChargingSmart.org. Forth also collaborated with the Sierra Club, Plug In America, the Electrification Coalition to produce the AchiEVe Toolkit, designed to accelerate the switch to clean, electric vehicles (EVs) and e-mobility in an effective and equitable way by providing various stakeholders with model policies at the state, local, and utility levels. #eMobility #EVinfrastructure #infrastructure #charging #electrification

Is EV Adoption a Generational Thing? Absolutely, but not in the way that you think! The EV industry loves a simple story. Young people want green. Old people want gas. The data tells a more complicated story, and the industry keeps ignoring it. The Split Is Real But Misread Millennials lead EV consideration at 63%, compared to just 38% of Baby Boomers. Significant gap. But here is what most commentary skips. In 2023, Gen X and Millennials were buying more EVs proportionally than Gen Z, who came in at just 6.6% of new vehicle purchases. Gen Z, supposedly the most climate-conscious generation alive, is currently buying fewer EVs than Gen X. Worth sitting with that for a moment. They Want EVs. They Cannot Afford Them. 60% of prospective EV buyers are unwilling to spend more than $45,000 on an EV. Gen Z and Millennials carry higher student debt, face more expensive housing markets, and deal with greater income volatility than previous generations at the same age. The most enthusiastic generation is also the most financially constrained. That gap needs closing before any green ambition translates into actual registrations. What Actually Drives Each Generation The top two motivators for EV consideration across all ages are reduced fuel cost at 44%, and environmental sustainability at 42%. Economics and environment are almost level. Broken down further, Millennials are most motivated by fuel savings, environmental impact tops the list for Gen X, and Gen Z responds more to vehicle aesthetics and personal brand. Every generation is at the table, just ordering something different. The Infrastructure Problem Is an Equity Problem This is the piece the industry consistently underplays. 90% of current EV drivers in the UK have off-street parking, and 60% of those without a driveway say they will never consider an EV. Younger people are disproportionately renters. The generations most enthusiastic about EVs are also the most structurally excluded from affordable home charging. Solving public charging access for urban dwellers is arguably the single biggest lever available to the industry right now. So Is It Generational? Partly. Older drivers need reassurance around cost and reliability. Younger drivers need empowerment, fast charging, flexible tariffs, and seamless digital tools. The industry needs to serve both audiences well, and right now it is not fully serving either. The charging company that cracks affordable, frictionless public charging for urban renters does not just win a segment. It unlocks the next decade of adoption. A growth story, not just a green one. #EVIndustry #FutureOfTransport #ElectricMobility #GreenTransition