Uber Technologies (UBER), Autodesk (ADSK), Coca-Cola Europacific Partners (CCEP), Logitech (LOGI), Levi Strauss (LEVI), Oatly (OTLY), Polestar Automotive (PSNY), RELX (RELX), SAP (SAP) and Unilever (UL) are among more than 100 companies that signed a statement calling on governments to accelerate electrification and make clean electrification a central pillar of economic and industrial strategy, according to a statement published Monday by the Global Renewables Alliance.

The companies said they are navigating a period of continued geopolitical tension, market volatility and pressure on energy prices, noting that volatile fuel markets expose economies to disruptions that can increase prices, destabilize supply chains and delay investment. "For business, this exposure creates persistent uncertainty, raising operating costs and undermining competitiveness," they said.

Electrification powered by clean, locally generated energy can provide a solution by reducing exposure to fossil fuels and strengthening energy security. They said that electrifying transport, buildings and industry can help create more stable and competitive economies, lower energy costs over time, improve resilience to external shocks and support economic growth.

According to the statement, electrification will accelerate fastest when government policies create stable and investable conditions to support the transition away from fossil fuels.