WHITEPAPER
Oct 10, 2024
Because of electrification efforts, S&P International Mobility
initiatives that the worldwide new mild car fleet’s common tailpipe
CO₂ emissions will drop about 75% from 2015 by way of 2035. However this
drop just isn’t with out its challenges. Our whitepaper “Automakers’
Decarbonization Efforts in Motion” explores the progress and
challenges within the decarbonization efforts of automakers, with a
explicit give attention to the transition to battery electrical autos
(BEVs) and the discount of carbon emissions all through the worth
chain.
Key takeaways:
- The expansion of battery electrical autos (BEVs) has been slower
than initially anticipated attributable to elements reminiscent of excessive upfront prices,
restricted charging infrastructure, inconsistent laws, and
shopper desire for hybrid choices. Nevertheless, the adoption of
BEVs is predicted to speed up within the coming years as battery
expertise improves, prices lower, charging infrastructure
expands, and authorities insurance policies assist BEVs. - Automakers are going through the problem of decarbonizing their
worth chain, with a give attention to decreasing Scope 3 emissions,
significantly within the use section of autos. Some automakers have set
aggressive carbon discount targets, whereas others have opted for
extra average approaches. The transition to BEVs is predicted to
contribute to a major discount in world CO2 emissions from
autos. - The decarbonization efforts have to shift upstream to the
automotive provide chain because the demand for batteries to assist BEV
deployment will increase. This may require addressing the elevated
power and materials inputs related to car provide chains
and making certain sustainable sourcing practices.
This text was printed by S&P International Mobility and never by S&P International Scores, which is a individually managed division of S&P International.
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