EVware is committed to benefit people and the planet

EVware is committed to benefit people and the planet.

We have aligned our ESG and sustainability aims to be inline with the European Commission’s “2030 climate & energy framework” to reduce greenhouse gas emissions, and the United Nations “Sustainable Development Goals” (SDG) 9, 11 and 13:

• Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
• Make cities and human settlements inclusive, safe, resilient and sustainable
• Take urgent action to combat climate change and its impacts

We do this through the four principles outlined in this statement.

EVware is born into a time where huge global pressures for the decarbonisation of our planet is igniting innovation across many industries. The importance of addressing this within the transport sector is vital; as it accounts for 16.2% of carbon emissions globally, only second to the emissions from energy use in industry at 24.2%¹. Within emissions from transport; road transport specifically; is the greatest culprit, accounting for 73% of the carbon emissions from this sector. This provides the obvious rationale as to why legislation driving carbon emission reduction is rife and why innovation and the manufacture of new; low-carbon road vehicle types is exploding.

The transport sector needs to move fast, because it’s already falling behind…

Globally, carbon emissions from transportation (road, shipping, aviation and rail) have grown 1/3rd since 2020².

With the number of new mobility manufacturers booming in response to this, new entrants into the mobility market are struggling to access to technologies which are now expected by vehicle operators, owners and users. Most suppliers in this industry have been built to serve huge annual volumes and as a result have become large companies that are slow to innovate.

Riders love micromobility! Research carried out in New York City showed that comparing travel on a bike to a taxi, the average speed of a bike can be up to twice as fast (saving time) and be around a 1/10th of the cost (saving money)⁵.

It almost goes without saying that people want to get places faster and cheaper, and of course logistic companies want to achieve this too when moving goods. But research into the physical and mental health benefits of new transport modes are also starting to emerge, producing further stimulus in the adoption of micromobility.

Road safety, across all vehicle types, both large and small as well as the impact on vulnerable road users (VRUs) are the subject of a rapidly changing regulatory and legislative landscape across the globe. EVware is focused on understanding these requirements and building products that help our customers meet and exceed these targets, in turn producing best-in-class vehicles that go above and beyond in making new modes of transport as safe as possible.

The way consumers and businesses get access to mobility has been changing for many years - we only need to take a look at the rise of ride-sharing services like Uber and Lyft. And new forms of mobility are on the rise.

Ownership of e-bikes between 2022 and 2025 is expected to increase by 13% CAGR, whilst ownership of cars is expected to decline by -2% CAGR.

And the business models are changing too. With 57% of vehicles purchased on a lease or subscription basis in 2020, compared to 84% predicted by 2030⁴, EVware’s commercial model is much better aligned to manufacturers who are moving from cap-ex intensive organisations to op-ex based business models.