The Fort Worth Press - Most automakers fall short on climate goals: report

USD -
AED 3.672952
AFN 64.501385
ALL 80.969857
AMD 361.359465
ANG 1.789785
AOA 916.999657
ARS 1524.277903
AUD 1.432562
AWG 1.8
AZN 1.701831
BAM 1.74212
BBD 2.012426
BDT 123.598208
BGN 1.747831
BHD 0.377416
BIF 2995
BMD 1
BND 1.278237
BOB 11.675159
BRL 5.054017
BSD 0.999132
BTN 94.798398
BWP 13.69985
BYN 2.981094
BYR 19600
BZD 2.009486
CAD 1.409955
CDF 2313.50406
CHF 0.825905
CLF 0.024925
CLP 980.979915
CNY 6.691203
CNH 6.68241
COP 3170.81
CRC 453.826798
CUC 1
CUP 23.980333
CVE 98.217189
CZK 21.692033
DJF 177.720128
DKK 6.664175
DOP 61.451444
DZD 134.429026
EGP 53.906504
ERN 15
ETB 163.206182
EUR 0.89145
FJD 2.25945
FKP 0.750648
GBP 0.751375
GEL 2.590332
GGP 0.750648
GHS 11.676049
GIP 0.750648
GMD 73.495602
GNF 8844.094881
GTQ 7.639034
GYD 209.00734
HKD 7.848195
HNL 26.820882
HRK 6.717295
HTG 130.705681
HUF 323.356501
IDR 18050
ILS 3.103501
IMP 0.750648
INR 94.90505
IQD 1514.774979
IRR 1795877.484608
ISK 121.430134
JEP 0.750648
JMD 158.78431
JOD 0.70897
JPY 158.466032
KES 129.770054
KGS 87.45055
KHR 4068.089503
KMF 439.999779
KPW 899.999961
KRW 1331.670573
KWD 0.31091
KYD 0.83268
KZT 451.722955
LAK 22482.018394
LBP 89478.016105
LKR 331.122819
LRD 170.366279
LSL 16.42449
LTL 2.95274
LVL 0.60489
LYD 6.412478
MAD 9.77184
MDL 17.816041
MGA 4529.360679
MKD 54.914955
MMK 2099.513869
MNT 3596.411813
MOP 8.077478
MRU 40.003029
MUR 47.250098
MVR 15.460394
MWK 1732.62013
MXN 18.417275
MYR 4.082496
MZN 63.900883
NAD 16.424417
NGN 1330.470079
NIO 36.770142
NOK 9.41278
NPR 151.676406
NZD 1.765335
OMR 0.384494
PAB 0.999132
PEN 3.447023
PGK 4.544503
PHP 63.000503
PKR 276.59385
PLN 3.896601
PYG 5763.047022
QAR 3.642032
RON 4.748797
RSD 104.688796
RUB 82.751135
RWF 1476.78686
SAR 3.763551
SBD 8.064647
SCR 14.023436
SDG 601.499723
SEK 9.91338
SGD 1.28008
SHP 0.754745
SLE 24.680436
SLL 20969.504398
SOS 571.064633
SRD 37.699688
STD 20697.981008
STN 21.822878
SVC 8.742551
SYP 13001.999685
SZL 16.419114
THB 33.579773
TJS 9.202594
TMT 3.51
TND 2.982711
TOP 2.40776
TRY 49.551903
TTD 6.778453
TWD 32.481297
TZS 2649.967965
UAH 45.052265
UGX 4156.255985
UYU 40.119539
UZS 12034.649387
VES 878.910601
VND 25894.5
VUV 118.97233
WST 2.787823
XAF 584.753063
XAG 0.017428
XAU 0.000241084688
XCD 2.70255
XCG 1.80082
XDR 0.707052
XOF 584.753063
XPF 106.228901
YER 236.149687
ZAR 16.42086
ZMK 9001.204172
ZMW 19.959203
ZWL 321.999592
SSP 5750.775019
MXV 2.079123
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Most automakers fall short on climate goals: report
Most automakers fall short on climate goals: report / Photo: © AFP/File

Most automakers fall short on climate goals: report

Only two of the world's 12 top automakers plan to make enough electric vehicles by 2030 to stay in step with Paris Agreement climate goals, experts said Wednesday.

Text size:

Globally, more than half of all new vehicles coming off of production lines in 2029 would need to be electric for the sector to be compliant with the goal of capping global warming at 1.5 degrees Celsius above preindustrial levels, according to Influence Map, a research NGO that evaluates corporate climate goals and policies.

At the same time, 11 of the 12 carmakers -- while publicly supporting the Paris Agreement -- have actively opposed government policies to accelerate the shift to electric vehicles, especially the phase-out internal combustion engines, Influence Map said.

Japanese auto giants Toyota, Honda and Nissan are especially far off the mark, with non-polluting cars accounting for only 14, 18 and 22 percent, respectively, of their planned production in 2029, the report said.

South Korea's Hyundai, US manufacturer Ford and France's Renault -- with 27, 28 and 31 percent of their global fleets projected to be electric in seven years -- were only marginally more on track.

The standout exception is US-based Tesla, a "pure player" manufacturer that has only ever made electric cars and trucks.

"Almost all automakers are failing to keep pace with the transition to zero emissions," said Influence Map program Manager Ben Youriev.

"Those lagging the furthest behind are also the most negative when it comes to climate policy advocacy."

Ford, Stellantis, Volkswagen and BMW come closer to the 52 percent threshold for compatibility with Paris temperature target, with 36 to 46 percent of their fleets planned to be electric in 2029.

- Stalling progress? -

Besides Tesla, only Mercedes-Benz -- at 56 percent -- is projecting a transition in keeping with that target.

To evaluate automaker trajectories, Influence Map cross-references different datasets.

Researchers used the International Energy Agency's (IEA) scenario for decarbonising the transport sector rapidly enough to not jeopardise the 1.5C goal, which would need 57.5 percent of all cars produced in 2030 to be electric.

The IEA's Net Zero by 2050 report also assumes the share of renewables in global electricity generation would be about 60 percent in 2030.

The Influence Map report then compared this goal with IHS Markit production forecasts to 2029, corresponding to a 52 percent share of electric vehicles in the IEA schema.

Collectively, the combined global production of battery electric vehicles by all automakers is forecast to only reach 32 percent by 2029.

That means the auto industry would need to boost production of zero-emission cars by 80 percent in order to hit the IEA 2030 production target.

The report findings reveal the critical impact of government policy on the pace of the transition away from internal combustion engines, which account for around 16 percent of global energy-related CO2 emissions, according to the UN's Intergovernmental Panel on Climate Change (IPCC).

In the European Union, which aims to cut greenhouse gas emissions to 55 percent below 1990 levels by 2030, Toyota's produced fleet is projected to be 50 percent electric by 2029.

But in the United States, where fuel emissions standards are less stringent, that figure is only four percent.

Similarly, Ford's EU-based production is forecast to be 65 percent electric by 2029 -- nearly double it's global average.

F.Carrillo--TFWP