Japanese automakers least prepared for EV transition: Think-tank

Shally Mohile Shally Mohile | 05-20 16:20

The four automakers with the lowest proportion of forecasted EV production in 2030 are all from Japan (Suzuki at 10%, Honda at 24%, Toyota at 29% and Mazda at 30%).
Japanese automakers are the least prepared for EV transition and have the most active, strategic engagement against it, according to a global non-profit think tank on climate and sustainability issues.

The four automakers with the lowest proportion of forecasted EV production in 2030 are all from Japan (Suzuki at 10%, Honda at 24%, Toyota at 29% and Mazda at 30%), with Toyota, Mazda and Suzuki all receiving the lowest performance, says InfluenceMap in its latest report titled, “Automakers and Climate Policy Advocacy: A Global Analysis.

Making a specific reference to India, the world’s third largest auto market by sales, the report said that even as Indian automakers are leading positive engagement on battery electric vehicles, Japanese automakers are pushing for policies favouring ICE-powered vehicles, including hybrids.

“In 2023-24, Japanese automakers have driven advocacy to weaken and delay climate rules promoting battery electric vehicles, including in Australia, India, and the US, and are instead pushing for policies that favour a longer-term role for (internal combustion engine) ICE-powered vehicles including hybrids,” it said.

“InfluenceMap’s March 2024 report on automaker engagement in India found that communications from Indian automakers Tata Motors and Mahindra & Mahindra were widely supportive of BEVs in India. In contrast, Japanese automakers, led by Maruti Suzuki (Suzuki), including Honda and Toyota, consistently promoted ICE-powered hybrids over BEVs in their advocacy. The analysis found negative engagement on India’s fuel economy (CAFE) standards from Maruti Suzuki (Suzuki) in 2022 to weaken the policy, ” it said.

However, the report also found widespread automaker support to extend the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme in 2023-24, which provides incentives for electric vehicle purchases, including from the Society of Indian Automobile Manufacturers (SIAM), Maruti Suzuki and Tata Motors (alongside Mahindra & Mahindra), it said.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 1 hour ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 1 hour ago

Mega Corporation launches Lendingo to enhance EV financing solutions

Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Mon...

auto | 1 hour ago

GreenLine accelerates decarbonisation efforts with 1,000 LNG trucks by March 2025

The government in a recent draft policy proposed to convert a third of long-haul trucks into LNG pow...

auto | 1 hour ago

Remsons Industries acquires 51% stake in BEE Lighting to enhance automotive lighting solutions

Established in 2006, BEE Lighting specialises in automotive headlamps, rear lamps, and various exter...

auto | 1 hour ago

EV Recharge partners with ZEVO for mobile EV charging solutions

EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improv...

auto | 1 hour ago