ZF is expecting a considerable market shift to occur by 2030 thanks to electrification. Within a decade, the proportion of conventional engines will decrease from 90 to less than 50 percent. At a share of 40 percent, pure battery electric vehicles (BEVs) will have clearly overtaken plug-in hybrid electric vehicles (PHEVs). The Use of Proceeds thus consequently focus on one hand on the development, manufacture and distribution of products for BEVs, and on the other hand on the development, manufacture and distribution of wind turbine gear units. In doing so, ZF accounts for the global energy transition required for the transformation towards electromobility to succeed. According to IRENA, renewable energies would need to climb to 86 percent of electricity generation by 2050 to achieve the objectives of the Paris Agreement. In this scenario, wind energy is set to become one of the biggest drivers of the global energy transition, supplying more than one-third of total electricity demand, and this at strongly increasing energy generation needs.
In addition to the current portfolio, the framework includes Eligible Categories related to Pollution Prevention and Control as well as Energy Efficiency.
