Norway and China Lead Global E-Mobility Readiness Index 2023

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Updated: 2:22 PM, Wed October 18, 2023

Norway and China Lead Global E-Mobility Readiness Index 2023

Arthur D. Little (ADL) has released its 2023 Global E-Mobility Readiness Index (GEMRIX), which evaluates the preparedness of 35 countries across the globe for the adoption of electric vehicles (EVs). The latest edition of the index reveals that progress in this area has significantly accelerated since 2022, with more countries implementing measures to promote electric transportation.

GEMRIX 2023 has expanded its scope to include 35 markets worldwide, encompassing emerging automotive markets in the Middle East and North Africa (MENA) region, as well as Southeast Asia. This broadens the index’s coverage and establishes it as the most comprehensive indicator of EV market readiness available today. The expansion highlights the notable surge in global EV adoption, driven by both government initiatives and consumer interest.

Norway maintains its position as the global leader in EV readiness, with electric vehicles accounting for 88 percent of all new car sales in 2022. However, China has now joined Norway in the top category of global benchmarks for e-mobility. Other countries, including Germany, the UK, and Singapore, make up the second group, labeled Ambitious Followers, who are on the cusp of EVs becoming mainstream. Meanwhile, countries such as the US, Japan, the United Arab Emirates, and India fall into the Emerging EV Markets category. These markets display a clear intention to increase EV adoption, supported by government initiatives, but the infrastructure for charging and the availability of vehicles still need improvement. The final group, known as Starters, includes countries like South Africa, Turkey, and Malaysia, which are still in the early stages of their EV journey due to factors such as high ownership costs and a nascent EV ecosystem. Factors influencing EV adoption vary across these markets, with consumers in higher-income countries prioritizing environmental protection and vehicle performance, while those in lower-income countries focus more on cost-efficiency.

The GEMRIX index summarizes 50 data points per market across five key categories that reflect the drivers of EV adoption. These categories include customer preparedness, the readiness of public infrastructure, vehicle cost comparisons, and government incentives and regulatory support. The data is normalized for comparability, resulting in country scores ranging between 0 and 100. A score of 100 indicates that internal combustion engine (ICE) vehicles and electric vehicles are on par in terms of acceptability, affordability, and availability. Norway’s score of 117 indicates that EVs have outperformed ICE cars, portraying the almost complete transition to electric mobility. China is close to achieving parity, with a score of 98.

Dr. Andreas Schlosser, a partner at Arthur D. Little, commented on the findings, stating that the ADL Global E-Mobility Readiness Index shows significant progress over the past year, with leading countries demonstrating high customer readiness, reduced EV costs, well-developed infrastructure, and strong government support through incentives. Dr. Philipp Seidel, Principal at Arthur D. Little, further emphasized the success of Norway’s transition to EVs, achieved within just over a decade through a clear and ambitious strategy, as well as coordinated private and public investments and actions.

The 2023 ADL Global E-Mobility Readiness Index report contains crucial recommendations for stakeholders in the e-mobility market and governments. It can be downloaded for free on the Arthur D. Little website.

In conclusion, Norway and China are leading the way in global e-mobility readiness, with Norway maintaining its position as the global leader and China emerging as a second global benchmark. The ADL Global E-Mobility Readiness Index highlights the progress made in EV adoption across various markets and provides valuable insights for countries looking to accelerate their own transition to electric mobility.

Frequently Asked Questions (FAQs) Related to the Above News

What is the current Global E-Mobility Readiness Index (GEMRIX) report about?

The current GEMRIX report evaluates the readiness of 35 countries across the globe for the adoption of electric vehicles (EVs). It provides insights into the progress made in EV adoption and highlights the leading countries in e-mobility readiness.

Which countries are leading in global e-mobility readiness according to the GEMRIX 2023 report?

According to the GEMRIX 2023 report, Norway and China are leading in global e-mobility readiness. Norway maintains its position as the global leader, while China has emerged as a second global benchmark.

What factors contribute to a country's position in the GEMRIX?

The GEMRIX evaluates countries based on five key categories: customer preparedness, readiness of public infrastructure, vehicle cost comparisons, and government incentives and regulatory support. These factors play a significant role in determining a country's position in the index.

What does a score of 100 in the GEMRIX indicate?

In the GEMRIX, a score of 100 indicates that internal combustion engine (ICE) vehicles and electric vehicles are on par in terms of acceptability, affordability, and availability. It signifies a balanced transition to electric mobility.

Can you provide examples of countries in different categories of e-mobility readiness?

Certainly. Countries like Germany, the UK, and Singapore make up the group known as Ambitious Followers, while countries like the US, Japan, the United Arab Emirates, and India fall into the category of Emerging EV Markets. Starters, or countries in the early stages of their EV journey, include South Africa, Turkey, and Malaysia.

Where can I access the complete GEMRIX report?

The complete GEMRIX report can be downloaded for free on the Arthur D. Little website.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Neha Sharma
Neha Sharma
Neha Sharma is a tech-savvy author at The Reportify who delves into the ever-evolving world of technology. With her expertise in the latest gadgets, innovations, and tech trends, Neha keeps you informed about all things tech in the Technology category. She can be reached at neha@thereportify.com for any inquiries or further information.

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