ANNOUNCEMENTS
The primary objective of this study is to conduct a comprehensive comparison and evaluation of the emissions generated by electric vehicles (EVs) and internal combustion engine (ICE) vehicles within the automobile sector. The analysis is specifically focused on companies that offer a diverse range of EVs, aiming to assess the impact of increasing EV adoption on emission trends.
To capture a holistic view of emissions, the study considers various scopes of emissions associated with EVs and ICE vehicles. For EVs, this includes both direct emissions (Scope 1) stemming from activities such as electricity production and manufacturing processes, as well as indirect emissions (Scope 2 and 3) arising from electricity generation and vehicle production and transportation. On the other hand, ICE vehicles contribute to emissions through direct emissions from tailpipe emissions and indirect emissions from fuel production and transportation.
Overall, the study finds that EVs tend to exhibit lower emissions throughout their lifespan compared to ICE vehicles. By analysing the emissions from EVs and ICE vehicles, the study provides valuable insights into the environmental impact of different vehicle types and highlights the potential benefits of transitioning towards greater EV adoption.
Additionally, the study delves into the revenue and total emission trends of the analyzed companies over a four year period. By examining the financial performance of these companies alongside their emission levels, the study aims to identify potential relationships between revenue generation and emissions.
Moreover, the study conducts a comparative assessment of three automobile companies operating within the same region. It specifically focuses on evaluating their progress towards achieving net-zero emissions and gauges their performance in alignment with this objective. By comparing the emission reduction strategies and outcomes of these companies, the study provides insights into the effectiveness of their efforts and highlights potential areas for improvement.
Ultimately, the goal is to support informed decision making and facilitate the transition towards more sustainable and environmentally friendly transportation options.
Key words: Electric vehicles (EVs), Internal combustion engine (ICE) vehicles, Emissions, Net-zero, Automobile sector.
