The car industry is changing – electric cars are becoming more popular because people want a greener future. Australia and New Zealand are actively embracing this transition, providing incentives and programmes to motivate consumers to choose fuel-efficient and ideally electric cars.
At the same time, the European Union's ambitious plan to prohibit new internal combustion engine vehicles by 2035 establishes a model for other areas to emulate, enhancing worldwide Electric Vehicle (EV) purchases.
In this blog, we explore how the car market is changing with the increasing popularity of EVs, the types of fuel and energy types, and how government incentives are playing a pivotal role in encouraging people to opt for fuel-efficient vehicles.
The Surge in Electric Vehicles (EVs)
In recent years, electric car sales have surged. The primary driving factors behind this car buying trend are the growing concern over climate change and the need to reduce greenhouse gas emissions. Other factors are the advancements in battery technology that have significantly improved EV performance, the greater selection of EVs and improved public charger availability.
EVs have lower operating costs compared to ICE vehicles. Electricity is generally cheaper than petrol or diesel, and EVs have fewer moving parts, reducing maintenance needs and costs. This cost savings can make EVs more appealing to budget-conscious consumers.
According to recent data, global EV sales surpassed 5 million units in 2022, and some industry experts predict this number to double within the next three years. In Australia, EV sales have experienced exponential growth, with an impressive 170% increase in 2021 compared to the previous year. New Zealand has also seen a steady increase in EV adoption, with sales tripling over the last five years.
Government Incentives and Fuel Efficiency Initiatives
To speed up the transition towards a greener future and reduce reliance on fossil fuels, many governments worldwide have introduced incentives to promote the adoption of EVs.
In Australia, both federal and state governments have implemented rebates and grants to encourage consumers to purchase EVs. These incentives can offset a significant portion of the upfront purchase cost. Some states also offer benefits such as reduced registration fees, toll exemptions, and preferential parking for EV owners.
New Zealand has taken steps to promote EVs, providing rebates and exemptions for buyers, and introducing a Road User Charge exemption for EVs until 31st March 2024 (or 31st December 2025 for EVs over 3,500 kgs). These efforts have contributed to the growing popularity of EVs across the country.
In a bid to combat global climate change and accelerate the transition to electric mobility, the European Union has set an ambitious target to ban the sale of new internal combustion engine vehicles by 2035.
The main focus is on the pressing necessity to decrease carbon emissions and achieve the objectives stated in the Paris Agreement. The EU wants to reduce pollution via vehicle emissions and encourage EVs by eliminating cars that run on petrol or diesel.
This ban represents a paradigm shift for the automotive industry, as manufacturers will need to pivot their focus towards supply chains and producing EVs to continue operating in the European market. This is predicted to quicken the advancement of EV technology and infrastructure, which will then impact the worldwide automotive industry.
Understanding and Tracking Vehicle Emissions
Understanding and tracking transport emissions have evolved from being a niche concern to a fundamental responsibility for all companies. CO2 g/km (carbon dioxide grams per kilometre travelled) serves as a vital indicator of environmental impact, enabling companies to make informed decisions about their fleet's sustainability. Large fleets, in particular, can significantly benefit from emissions tracking by identifying opportunities for transitioning to greener vehicles and reducing their overall carbon footprint.
Also, accurate reporting of emissions data is not only essential for financial compliance but also plays a pivotal role in catering to climate-conscious consumers. Embracing sustainability and environmental responsibility is no longer a choice but a strategic imperative for companies looking to thrive in a climate-conscious world.
The CO2 g/km metric provides valuable insights into a company's carbon footprint. The significance of emissions tracking, particularly for large fleets, and the importance of reporting for financial compliance, has become a business requirement.
How InfoAgent Data helps Uber Green
InfoAgent data is powering Uber Green throughout A/NZ which enables Uber to easily and accurately categorise their fleet into internal combustion engine (ICE)/hybrid/EV. Uber Green is a ride option that connects riders wanting to reach their destination in a hybrid or EV, with those drivers whose vehicles are eligible.
Now, all new vehicles added to the Uber fleet are processed seamlessly through InfoAgent to see if they qualify for the widely sought after Uber Green service. This is a fantastic practical demonstration of how InfoAgent can help streamline fleet data management and support the ongoing demand for the world to reduce CO2 emissions.
CO2 g/km: A Key Indicator of Environmental Impact
CO2 g/km is a crucial piece of information that quantifies the amount of carbon dioxide emitted per kilometre travelled by a vehicle. By tracking CO2 g/km, companies can identify emission hotspots, set emission reduction targets, and implement strategies to achieve them.
Large fleets, such as those managed by logistics companies, government agencies, or corporate entities, contribute significantly to greenhouse gas emissions. Tracking the percentage of ICE, hybrid, and EVs in the fleet, along with their total emissions, offers valuable insights into the fleet's overall sustainability.
The Role of Reporting for Financial Compliance
As global consciousness about the environment increases, businesses are under pressure to not only fulfil their moral duties but also meet legal and financial requirements by providing accurate information about their emissions.
Financial institutions, investors, and stakeholders are increasingly considering environmental factors influencing global warming when evaluating the long-term viability of companies. Reporting emissions data demonstrates a commitment to sustainability, which can positively influence investment decisions and access to capital.
Climate-conscious consumers are also driving EV growth with the demand for environmentally responsible products and services and companies that prioritise vehicle emissions reduction are more likely to build a positive brand reputation among climate-conscious consumers.
For consumers interested in electric passenger vehicles, understanding key details about their performance and capabilities is crucial.
InfoAgent can provide important information for consumers to consider:
1. Charge Time: Charge time refers to the time required to replenish an EV's battery from empty to full. It varies depending on a number of factors, including, the charging method and the capacity of the battery. Charging options include home charging, public charging stations, and fast chargers.
2. Range: The range of an EV indicates the distance it can travel on a single full charge. Advances in battery technology have significantly increased the range of modern electric vehicles, with some models capable of exceeding 500 kilometres on a single charge.
3. Power and Torque Output: EVs are known for their instant torque delivery, providing quick acceleration and responsive driving. The power output of an electric motor is measured in kilowatts (kW), while torque is measured in Newton-metres (Nm).
Understanding the various fuel options and energy information is important, particularly when it comes to EVs.
As technology continues to advance, we can expect further innovations in the automotive landscape, shaping a greener and more sustainable future for transportation.
How can we help?
InfoAgent specialises in making vehicle data usable, understandable, and accessible. With our data solutions, we empower businesses to leverage vehicle data to its full potential. By harnessing the power of vehicle data, InfoAgent enables businesses to transform their customer experience, reach their sustainability goals, and find financial efficiencies.
As specialists in this field, InfoAgent provides a range of accurate data that can help businesses within the automotive industry understand their existing fleet, track changes and provide valuable customer-centric insights. This data includes:
Vehicle range
Charge time
CO2 g/km
Fuel consumption L/100km
Battery type & capacity (kWh)
Battery voltage & amps
Max kW supplied to vehicle while charging
Electric motor performance (power output & torque)
EV connector type and location
Detailed fuel type information
As customer expectations continue to evolve, leveraging vehicle data will become increasingly critical in delivering exceptional experiences. With InfoAgent as your partner, you can stay ahead of the curve and revolutionise your customer experience. Get in touch today.
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