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

Chicken and Egg Story in #EVs: What Comes First – Vehicles or Charging Infrastructure? In India’s EV transition, the debate often comes down to EV adoption vs charging infrastructure. The reality is clear: charging must come first. That’s why the Ministry Of Heavy Industries (MHI) has released comprehensive guidelines to accelerate charging infrastructure across India. Targeted Deployment: Focus on high-density cities (population >1 million), smart cities, satellite towns, and major national/state highways. About 72,300 EV chargers for cars, two wheelers, buses and trucks. Grid Coverage: In cities, at least one charging station in every 3km × 3km grid; on highways, one every 25 km, plus long-range EV chargers every 100 km. Subsidies: Rs 2000 crore support for chargers in government buildings like offices, hospitals, educational institutions, private establishments, including malls, metro stations, airports, railway stations, Way side amenities, toll plazas and any other locations as determined by State/ UT governments. Delicensed Activity: Declared a delicensed activity under MoP rules, simplifying entry for private operators. Technical Standards: Mandatory compliance with Ministry of Power standards to ensure interoperability. Data Reporting: Real-time data to be mapped on the EV Yatra portal. Land Provision: Public land allocated for charging stations via revenue-sharing models. Demand Aggregation: States, Central Ministries, and CPSEs will aggregate demand for EV chargers and submit proposals to MHI. Implementation: #BHEL is designated as the nodal agency for rolling out the scheme. Unified National Hub: To be developed in partnership with NPCI, serving as a one-stop platform for payments, access, and user convenience. By embedding these measures, India is ensuring infrastructure leads the way—breaking the adoption bottleneck, boosting consumer confidence, and building a strong public-private ecosystem for clean mobility. Charging first, adoption follows. This is how we power an Atmanirbhar Bharat on the road to a sustainable, future-ready EV sector. Details at https://lnkd.in/gbD__8Qx #EV #ChargingInfrastructure Bharat Heavy Electricals Limited National Payments Corporation Of India (NPCI) #GreenMobility #SustainableFuture

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.

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.

For the past decade+, electric vehicle sales have been technology and socially driven. Those days are over. We are now in the Value + Behavior stage, which means EV sales approaches must change. 1) The "behavior" issue. Everyone's gas car works, and the fueling is a known quantity. We are asking people to change their fueling behavior, but they are not hearing it, according to recent research. 2) The "value" issue. People believe that EVs are more expensive than gas cars, and the elimination of the $7500 tax credit hurts this perception even more. Solution #1: Better marketing/education so that barriers that are more perception than reality are greatly reduced. Early adopters buy electric vehicles because they’re technology enthusiasts. They’re motivated by the innovation and the social currency that comes with being first. Mainstream buyers are different. They’re not just looking for “cheap”. They want bang for the buck, the reassurance of legacy brands they already trust, and the confidence that charging won’t be a headache. To move from early adoption to true mass-market EV uptake, we need to meet these mainstream buyers where they are: --Communicate the beauty of home charging: 80% of high potential buyers have a power source where they already park. --Tell real stories: Normalize EVs through examples of families loving their EVs, saving money, fleets transitioning, or workplaces installing chargers. --Train the sales front line: Dealers and sales staff need to be able to explain EV incentives, charging, and ownership with confidence. --Focus on the Performance/Affordability connection: A better car is worth more, charging is cheaper than gas, and you're buying a cleaner future. --Build trust in infrastructure: Make the growing charging network visible and tangible to consumers. And most importantly: fish where the fish are. Don’t waste time on EV haters, skeptics, or people who never buy new cars. Focus on the millions of buyers who will make the leap—if we make it easy, valuable, and familiar. #EVAdoption #ElectricVehicles #Utilities #TransportationElectrification #CustomerEngagement #Marketing #EV #EV #evcharging #tesla #rivian #ford #gm Forth Alliance for Transportation Electrification E Source Smart Electric Power Alliance Plug In America VELOZ Matt Teske https://lnkd.in/g7TkKrMw

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

Carbon capture and fusion are great climate investments, but what if we could give the 1/3rd of Americans in multi-family housing access to EV charging? That’s my Earth Day wish. Billions flow into EV manufacturing and public charging networks, but we're ignoring a fundamental blocker to mass adoption: Multifamily housing! A third of Americans rent, and over 40% in urban/suburban areas lack the ability to charge at home. It's creating an "electric divide" that locks millions out of the EV revolution and its economic benefits. The math is straightforward: EVs save owners nearly $2,000 annually in operational costs. Those who would benefit most from these savings –(apartment dwellers)– have the least access to charging. The climate tech investments with the highest impact aren't always the flashiest. —- At GoPowerEV, we've seen the firsthand impact of solving this problem. When affordable housing communities in California installed our solution, residents who previously couldn't consider EVs gained access to convenient charging. One affordable housing manager in Los Angeles noted, that without GoPowerEV's partnership, they 'would not have been able to provide EV charging to our low-income residents.' These residents now save on transportation while reducing emissions, and take advantage of all the used EVs coming off lease. For investors, the opportunity extends beyond environmental impact. Multifamily EV charging solutions sit at the intersection of several massive trends: ❇️ The transition to electric transportation, which Bloomberg NEF projects will attract over $1.2 trillion in investment by 2030 ❇️ The growing prop-tech sector is transforming real estate, with PwC's emerging trends report identifying it as one of the most significant forces reshaping real estate business models ❇️ Energy grid modernization and distributed energy resources, with the DOE projecting over $400 billion in grid investments this decade The best climate investments solve real-world adoption barriers while creating new markets. This Earth Day, I'd challenge investors to look beyond carbon metrics to electrification equity.

Commercial EV adoption rarely stalls because of the idea itself. It breaks down over spreadsheets, charging plans, service maps, or somewhere around page 47 of the procurement docs. And that raises a few questions worth addressing. But where exactly does it start to slow down? Navigating incentives takes time most operators don’t have. Service paths through dealer networks are rarely spelled out, and warranty coverage tends to create more uncertainty than confidence. When chassis options are limited on top of that, a solution meant for everyone ends up working for no one. So, what do operators actually need once the vehicles are on the road? Uptime, predictable support, and a clear plan when something needs attention. No surprises after delivery. At Harbinger, we always aimed to make those first steps easier. Help fleets navigate incentives, create clearer service paths through dealer partners, offer long warranty coverage, and give customers chassis options that fit different jobs instead of forcing a one-size-fits-all answer. That’s how, in our experience, adoption starts to move: when the vehicle fits the job and the rest of the process stops slowing everyone down.

Permitting Delays — A Hidden Barrier to Fleet Electrification Across the United States, one of the biggest challenges in electrification isn’t hardware availability—it’s time. Specifically, the time it takes to permit and install EV charging infrastructure. We see this often: customers have already purchased or even received their EV charging equipment, but installation is on hold because permits are still pending. Meanwhile, the need for reliable charging is immediate—especially for organizations with critical operations. Consider a few examples: • A grant-funded fleet where diesel vehicles must be retired one-for-one when electric replacements are deployed. Without the charger installed, the new electric vehicle sits idle, and the fleet loses operational capacity. • A school district that has already taken delivery of its electric school buses but cannot yet use them because site permits for charging stations are still in process. With limited budgets, every week of delay creates real financial and logistical strain. • A fleet operator with aging diesel or gasoline vehicles who chooses to modernize with electric replacements. As combustion units are phased out and EVs arrive before chargers are installed, overall operational capacity drops. Permitting delays like these can extend for months—or even years. By contrast, charging solutions that don’t require trenching or major power upgrades may avoid lengthy permitting altogether or can often be approved within weeks. These options are worth serious consideration for fleets and facilities that need to move quickly. At EVESCO, we’ve developed flexible solutions that help customers stay operational while permanent infrastructure catches up: • Mobile and semi-permanent EV chargers that can be deployed immediately—and can operate at full power if you’re simply waiting on a permit, not an infrastructure upgrade. • Above-ground pods that eliminate the need for digging and can be relocated later. • Throttled charging options that allow reduced-speed operation when utility upgrades aren’t yet complete. Permitting shouldn’t be the bottleneck in electrification. With the right approach, you can deploy EV charging where and when it’s needed—and keep your operations running. #EVCharging #Electrification #BABA #FleetElectrification #BESS #Permitting #Infrastructure #EVESCO #PowerSonic #CleanTransport #NetZero2050