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Whitepaper: Automakers' Decarbonization Efforts in Action
How the global automotive industry is approaching the energy transition.
Automakers are facing the challenge of decarbonizing their value chain, with a focus on reducing Scope 3 emissions, particularly in the use phase of vehicles. Some automakers have set aggressive carbon reduction targets while others have opted for more moderate approaches.
In this whitepaper, we investigate the rate of conversion from the internal combustion engine as the primary propulsion system to the electric motor. We also explore the tailwinds facing this seemingly unstoppable force, which many thought would have much lower penetration rates in 2024. Finally, we explore the headwinds that remain for BEVs.
Topics include:
- Battery electric vehicle (BEV) headwinds may be stronger than
anticipated.
- Decarbonized tailpipe emissions under regulatory drivers.
- Automakers' commitment to decarbonize the value chain.
- Decarbonization in the electrification era.
- Decarbonization pressures moving upstream of the automotive supply chain.
This article was published by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.