By 2022, EVs could become as affordable as petrol and diesel cars, making it easier for car makers to profit from a low-carbon economy. ![]() Over 30% of new car sales are projected to be zero emissions and plug-in hybrid by 2030, representing a potential US$1 trillion market. The authors explain that the car industry is “facing a double hit of disruption from EVs and autonomous and shared driving,” with over a fifth of profits likely to shift to technology companies like Uber and Google by 2030. ![]() According to CDP’s ranking, BMW, Daimler and Toyota are the best performing car companies on climate-related metrics. ![]() The companies included in the report titled, ‘Driving Disruption: Which automotive companies will seize the opportunities in a low-carbon economy?’, have a total market capitalization of US$790 billion and represent over 75% of the global passenger vehicle market. The report ranks 16 of the world’s largest publicly listed auto companies on readiness for a low carbon transition. ![]() 18 January 2018: The global auto industry must rapidly adapt to technological changes and strengthen environmental regulations or risk falling behind, according to a report by CDP.
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