Car makers are being called on to work together to dramatically reduce the environmental impact of passenger vehicles, as a new study shows the industry is on track to miss its decarbonisation targets by a wide margin, potentially threatening the wider global initiative to limit global warming to 1.5deg C.
A new report – based on publicly accessible data and supported by EV manufacturers Polestar and Rivian – shows that the global car industry is not moving fast enough to reduce greenhouse gas emissions, and must take action in the short-term future to avoid vastly overshooting its decarbonisation targets.
Carried out by global consulting firm Kearney, the ‘Pathway’ report is essentially an invitation for car manufacturers to consider collaborating on various emissions-reducing initiatives - but more pressingly it presents data that suggests they must rapidly accelerate their own plans to slash the environmental impact of their cars.
“Competition is healthy, but perhaps the industry needs to redefine where to compete and where to collaborate,” says Kearney.