Lotus aims to become first established sports car maker to go all-electric

MANILA: Lotus has launched “Driving Change”, its new environmental, social and governance (ESG) charter. Its four commitments will establish the automaker’s full potential as a responsible global company.

KEY POINTS TO REMEMBER

  • What is Lotus Cars’ Vision80 strategy?

    The Vision80 strategy serves as a guide in Lotus’ transition from a British sports car company to a truly global performance car company and brand in time for its 80th anniversary in 2028.

  • What types of electric vehicles will Lotus bring to market over the next four years?

    Lotus will launch a four-door electric sports sedan, a second electric SUV and a next-generation lightweight electric sports car over the next four years.

  • The four main commitments are:

    • All of Lotus’ new mainstream vehicles from 2023 will be fully electric.
    • Lotus will be certified as a net zero company through a commitment to become a Science-Based Target initiative (SBTi) organization.
    • Lotus’ global community of colleagues – US LOT – will be at the heart of sustainable global growth, ensuring everyone in the company is “called to action” on ESG priorities.
    • Lotus is fully committed to inspiring the next generation through education and outreach to global communities.

    The charter, a core part of the Vision80 strategy, which guides Lotus’ transition from a British sports car company to a truly global performance car company and brand in time for its 80th anniversary in 2028, highlights how Lotus will become the first established sports car manufacturer in the world to offer an all-electric product line.

    Lotus driving change

    A strong ESG proposition promotes investment and asset optimization, employee engagement and productivity, and business efficiency. In addition, it ensures that Lotus always meets its obligations under external regulations, promoting productivity and competitiveness in all facets of the business.

    Lotus driving change

    “Our new ESG charter formalizes many actions that we have been carrying out for several years. Lotus as a company has always been nimble, efficient and impactful within the automotive industry. Now, more than ever, as we rapidly transform to become a global pioneer in performance electric vehicles, we recognize our responsibility to do so in a way that guides our industry in minimizing its impact on the environment, for the benefit of society and of the planet as a whole,” said Lotus Cars Managing Director Matt Windle.

    Lotus driving change

    “It’s great to see Lotus, a truly iconic British car brand, leading the transition to cleaner transport by joining the declaration on zero-emission vehicles,” said UK Investment Minister Lord Grimstone. “I look forward to seeing Lotus continue to innovate and combine electrification with high performance.”

    Pictures of Lotus Cars

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