week 5: The Potential of EVs to Achieve Zero Emissions

This week, we added five reports to our database covering topics related to decarbonizing the transportation industry and mining rare metals, European demand for lithium-ion batteries, the IRA's impact, Belgian consumer attitudes and behaviors, electric vehicle charging in emerging markets and developing economies, and the second life of electric vehicle lithium-ion batteries.
In week 5 we added the following reports:

  • Achieving Zero Emissions with More Mobility and Less Mining | Climate and Community Project
  • A European Response to US IRA | Transport & Environment
  • 2023 Global Automotive Consumer Study: Belgium | Deloitte
  • Charging infrastructure deployment in emerging markets and developing economies | The ICCT
  • Second Life of Lithium-Ion Batteries of Electric Vehicles: A Short Review and Perspectives | MDPI

The reports are shared and available free of charge in our database.

The Potential of Electric Vehicles to Achieve Zero Emissions

As the leading contributor to carbon emissions in the US, the transportation industry must rapidly decarbonize in order to contain the climate problem. By 2035, states like New York and California will no longer sell gas-powered vehicles, and the 2022 Inflation Reduction Act would significantly increase government funding for electrifying transportation. As a result, US customers are adopting electric vehicles (EVs), and by 2030, it’s expected that over 50% of all new cars sold in the country will be electric. This point in time is crucial. The speed of decarbonization and the mobility of millions of people will be impacted by decisions taken today. Global supply networks will change as a result of zero-emission transportation, with consequences for climate, environmental, and Indigenous justice beyond US boundaries.

This report outlines the potential of electric vehicles to achieve zero emissions, and examines the impact of current mining activities on the environment, the potential of electric vehicles as a mobile power source, and the potential of increased renewable energy sources. It also provides an analysis of the costs and benefits of various scenarios for achieving zero emissions, and recommendations for policy makers.

Achieving Zero Emissions with More Mobility and Less Mining | Climate and Community Project

Source: Achieving Zero Emissions with More Mobility and Less Mining | Climate and Community Project

 

Demand for Lithium-Ion Batteries in Europe and the Impact of the US IRA

For a few years now, the world has been engaged in a competition to produce cleantech products and the raw ingredients that support them. Electric vehicles (EVs) and batteries have already attracted significant attention and investment in Europe. Several billions have been invested in expanding EV production and batteries. By the end of the decade, it is anticipated that Europe will overtake North America as the second-largest producer of battery cells. In 2022, more than half of all lithium-ion batteries sold in the EU were made there. However, the US Inflation Reduction Act (IRA), which went into effect in August 2022, changed the laws of the industrial game and may cause businesses to give the US a higher priority than they already do with European statements

This report examines demand for lithium-ion batteries in Europe, compares this to expected supply, and discusses industrial policies to support the European battery value chain. It also examines US IRA subsidy provisions and proposes reforms and new measures for Europe to compete.

A European Response to US IRA | Transport & Environment

Source: A European Response to US IRA | Transport & Environment

 

Consumer Attitudes, Behaviours, and Emerging Trends in Belgium

Despite the increasing popularity of electric vehicles (EVs), many people are still uncertain as to whether or not the goals set for reducing carbon emissions can be achieved quickly enough. Consumers are drawn to EVs mainly due to the perception of lower fuel costs, despite any worries they may have about climate change. Furthermore, the majority of both current internal combustion engine (ICE) users and those intending to buy EVs expect to pay less than €50,000 for their next vehicle, which could be a problem considering the current inflationary environment.

This report provides a comprehensive overview of the Belgian automotive market, examining consumer attitudes and behaviours, as well as emerging trends. It also offers insights into the preferences and buying habits of Belgian consumers, and contains data on the economic and political conditions that may influence the automotive industry in Belgium.

2023 Global Automotive Consumer Study: Belgium | Deloitte

Source: 2023 Global Automotive Consumer Study: Belgium | Deloitte

 

Anticipating Demand for Electric Vehicle Charging in EMDEs

Governments throughout the world are looking at a switch to zero-emission vehicles (ZEVs) to decarbonize their transportation sectors in response to the danger of climate change and rising levels of air pollution. These initiatives are in line with the IPCC’s Sixth Assessment Report (AR6), which singled out electromobility as a vital strategy for decarbonizing the transportation industry. This is especially important in emerging markets and developing economies (EMDEs), where greenhouse gas (GHG) emissions connected to transportation are already growing significantly and are predicted to do so for the foreseeable future.

This report explores the challenges and opportunities of deploying electric vehicle (EV) charging infrastructure in emerging markets and developing economies (EMDEs). It examines the current state of the EV charging market, public policies, incentives, financing models and potential to improve energy access and grid stability. Finally, the report provides a set of policy recommendations to help unlock the potential of EV charging infrastructure deployment in EMDEs.

Charging infrastructure deployment in emerging markets and developing economies | The ICCT

 

Source: Charging infrastructure deployment in emerging markets and developing economies | The ICCT

 

Second Life of Lithium-Ion Batteries of Electric Vehicles

EV development has accelerated during the past ten years, and they will soon supplant conventional cars. Due to its superior power capacity, extended lifespan, minimal maintenance requirements, low self-discharge, and lack of memory effect, lithium-ion batteries (LIBs) are the primary energy storage technology for these vehicles. They are the preferred power source for EVs and the most significant power component in EVs because of these qualities. However, they are also the most costly, costing almost half the price of a car. Demand for EVs is anticipated to rise further in the ensuing decades, and as a result, the market for lithium-ion batteries is anticipated to see exponential growth.

This report provides a short review of the second life of lithium-ion batteries of electric vehicles, with a focus on the potential applications of these batteries. It also provides perspectives on the challenges and opportunities associated with their re-use, including economic, technical and environmental considerations. Finally, this report explores the policy and regulatory frameworks that could help promote the second life of lithium-ion batteries of electric vehicles.

Source: Second Life of Lithium-Ion Batteries of Electric Vehicles: A Short Review and Perspectives | MDPI

 

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