Barclays has joined the EV100 commitment to transition its fleet to electric vehicles by 2030, along with four other businesses.

Other new joiners include global pharmaceutical and biosciences company Bayer, international financial services provider Allianz SE, India’s fastest-growing agri-commerce company WayCool and precision instrumentation supplier Spectris. 

The new members will collectively transition more than 44,000 vehicles to electric by 2030. 

WayCool and Spectris have also committed to install charging infrastructure across their estates for use by their staff and customers. 

EV100 launched five years ago and its members have already put more than 200,000 electric vehicles on the road. By 2030, that will reach 5.5m.

Sandra Roling, director of Transport at Climate Group, said: “We warmly welcome our five new members who have made the bold commitment to electrify their fleets and deploy charging infrastructure by 2030. It’s amazing to think that in just five years EV100 has grown so rapidly. We will continue to push other businesses, vehicle manufacturers and governments across the world to work with us to ensure the future of road transportation is electric.”

With these new joiners, membership now stands at 128. In five years, EV100 has grown from ten founding members to a global network of businesses committed to the growth of electromobility across almost 100 markets worldwide. 

Myriam Coneim, Barclays’ global sustainability and governance lead, Operations, said: “In March 2020 we become one of the first banks to announce an ambition to be net zero by 2050, which includes our operational emissions.

To decarbonise our operations, earlier this year we committed to transitioning all of our UK vehicle fleet to electric by 2025 with an additional target of 2030 for our global fleet, using ultra-low emissions vehicles for the latter where electric is not viable.

"Addressing this viability challenge was key to our decision to join EV100, and we look forward to working together with Climate Group and other members to speed up the transition to electric, particularly in less mature EV markets.” 

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