Driving the transition to electric mobility
Passenger cars and vans caused 3.5 gigatons of CO₂ in 2020 - almost 10% of global emissions
The automotive sector needs to reduce Scope 1, 2, and 3 emissions by 90% by 2050
The global fleet of 1.2-1.6 billion cars is 98.5% internal combustion vehicles
Governments worldwide are implementing policies to shift to electric vehicles
55% emission reduction by 2030, 100% by 2035 - effectively banning new ICE sales from 2035
Net zero by 2050, with 10 states planning ICE phase-out. Inflation Reduction Act provides $370B for climate
Net zero by 2060, dual-credit system for OEMs, strongest growing EV market globally
Steady transition from ICEVs to EVs with focus on smaller, more efficient vehicle models
Production powered by renewable electricity and biogas, with green energy contracts
Secondary materials recycling and lightweight alternatives to reduce vehicle weight
Closed-loop recycling of end-of-life vehicles and multi-life approaches for batteries
Switch from fossil fuels to carbon-neutral e-fuels for existing fleet
Low-carbon transportation modes for inbound and outbound logistics
Immense investments needed for production plant transition and battery ramp-up
Electrical grid and charging stations not ready for full transition
Dispersed regulatory support across EU, US, and China requires tailored strategies