The automotive industry must make a transition to electric vehicles (EVs) to reduce greenhouse gas emissions. Scope 3 emissions account for 97.5% of total emissions, and the industry can focus on reducing these emissions through the transition to EVs. However, EVs alone will not be enough to save the planet. This whitepaper explores how ICE vehicles fare against EVs in the most concerning Scope 3 sub-categories and how automotive companies can chart a path to net zero by getting the EV transition right. Companies expanding EV offerings could end up emitting 1.5x higher emissions in the purchased goods and services category, and emissions from purchased goods and services for an EV will be higher than for ICE. ICE vehicle manufacturers’ carbon emissions are an estimated 3x higher than EVs in the use of products sold category. By ensuring 2/3rds of their sales are EVs by 2030, manufacturers can reduce their emissions by 45%. Setting the pace toward carbon neutrality includes understanding major sources of emissions, determining short-, medium- and long-term targets, collaborating with relevant partners, establishing continuous-improvement governance plans and optimizing infrastructure.
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