Exhaust emissions account for about 75% of the total emissions attributed to mobility globally. Consequently, the industry’s efforts to meet the net-zero targets outlined in the Paris Agreement currently focus on accelerating the electric vehicle (EV) transition.
The regulatory landscape in major markets must follow suit, which is reflected by policies such as zero-emission vehicle phase-ins or tax incentives, such as those included in the United States Inflation Reduction Act.
However, the electric vehicle (EV) transition comes with its own unique set of challenges – from the social and environmental implications of rare metal mining to emissions embedded in EV batteries, and to their safe collection and management at end-of-life.
Policy-makers appreciate that to make the EV transition sustainable, new regulations to address these challenges are a must. For instance, the European Union (EU) reformed its regulatory framework for batteries through the revised 2022 EU Battery Regulation and the EU taxonomy.
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