The automotive industry faces a significant challenge in meeting the goals of the Paris Agreement, with passenger vehicle emissions accounting for 15% of global greenhouse gas (GHG) emissions. The industry has been focusing on electrifying the fleet to reduce tailpipe emissions, but well-to-wheel modeling shows that there is still a GHG emission overshoot unless supply chain emissions are also tackled.
The Polestar and Rivian Pathway report, supported by Kearney proposes that the industry must tackle three levers to stay below 1.5 degrees:
- Transitioning to battery electric vehicles (BEVs)
- Fully powering BEVs with fossil-free energy
- Reducing supply chain emissions.
Collective action and partnerships are necessary to drive change in areas such as sustainable production and manufacturing, transparency and data sharing, renewable energy and charging infrastructure, and end-of-life management.
At Infinitev we're ready for the challenge to close the loop on EV batteries and establish sustainable end of life solutions. We're ready to partner with likeminded companies to turn an ambitious future vision into tangible action today. Let's chat if that sounds like you.