90% of global businesses expect to be largely electrified by 2035, landmark survey finds

'This is a profound shift in business thinking,' said the report's lead author. 'Electrification is no longer seen as a niche environmental strategy but as a core business imperative.'

'The volatility of fossil fuel prices has been a major driver,' the report states. 'Businesses are increasingly viewing electrification as a hedge against energy price shocks.'

'We are seeing electrification across every sector of the economy, from manufacturing and logistics to services and agriculture,' the survey found.

'Eighty-nine per cent of businesses that have invested in electrification report cost savings, challenging the myth that going green is more expensive,' the research revealed.

'This isn't just about climate change - it's about competitiveness, resilience, and future-proofing business operations,' one executive commented.