Mastering the dual mission: Carbon and cost Savings
- Jul 11, 2022 1:34 pm GMT
For car manufacturers electrification of vehicles alone will not lead to net zero. Battery vehicles can have up to twice the amount of production related emissions vs standard fossil fuel vehicles due to the carbon intensity of the batteries and high number of electronic components. This article by McKinsey looks in to how the automotive manufacturing industry can cut carbon emissions further by using low carbon sources. Whilst it is possible to reduce cost and CO2 at the same time the time for companies to act is now as the market is small and as more countries introduce carbon emissions reports the competition for low carbon materials is increasing.
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