"A joint report from electric vehicle companies Rivian and Polestar says that
without urgent action to slash transport emissions, the global automotive
industry will crash through its share of the global carbon budget that is
designed to keep global temperature increase below 1.5°C.
The report, prepared by Kearney, says that the global auto industry’s net-zero
by 2050 carbon budget will be completely spent by 2035, and is heading to
exceed its allocation by 75 per cent by 2050, undoing much of the good work in
the electricity sector and elsewhere.
The report notes that passenger vehicles contribute to 15% of total global
greenhouse gas emissions, and notes the steps taken over the past decade to
decarbonise, mostly on electrification. But it says this must accelerate
rapidly to stay in line with the 1.5°C target.
To get there, the Kearney report says, electric vehicles need to account for
nearly 100 per cent of all new car sales by 2032, the electricity grid needs to
be at or near zero emissions by 2033, and the manufacturing of cars and
components needs to cut emissions by 81 per cent by 2032."
*** Xnani ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics