Report: Climate Change vs. Carmakers
Report: Automotive headwinds align into a perfect storm
In the face of government and citizens’ rising concern over climate change, vehicle emission regulations around the world are tightening, especially in Europe. In our latest business intelligence report, we forecast that carmakers will face hefty fines under tightening vehicle emission targets, driven largely by factors outside their control.
The looming CO2 regulations set to come into force in the EU for 2020 and 2021 are likely to hit automotive OEMs with billions of euros worth of punitive fines. Whilst some executives and experts are sanguine about meeting targets, at Automotive from Ultima Media, we forecast a more difficult time since many factors are outside the direct reach of OEMs.
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As OEMs try to reduce CO2 and transition to electric vehicles in the face of the high fines, we expect a profound impact on vehicle design.
As carmakers strive to reach the more stringent CO2 emissions targets being phased in across the EU next year, we predict that many are likely to put more pressure on their supply base to help reduce emissions
Ahead of stringent EU emissions targets starting in 2020, some carmakers are pursuing strategies that actually go against what they will ultimately need to do to reduce hefty fines. This makes sense – but only for now
The Mercedes-Benz Formula E racing team will use the SAP Hana platform and other SAP software as it prepares for the first all-electric race of the season November 22 in Diriyah, Saudi Arabia, the German business software group said.
ZF is planning a joint venture for the production of electric motors and components with China’s Wolong Electric.
Volvo Cars says it will become the first carmaker to use blockchain technology to trace the origin of the cobalt it buys for its batteries.
