ROLLE, Switzerland (November 20, 2023) – Garrett Motion Inc. (Nasdaq: GTX), a technology provider for the automotive industry, recently conducted a comprehensive study challenging the current industry focus on 100 percent electric vehicles (BEVs) as the most effective solution for decarbonizing European transportation. The study, titled “Is the Automotive Industry’s Transition to 100 Percent Electric Vehicles the Most Effective Way to Decarbonize European Transportation?” compares CO2 emissions throughout the lifecycle of electric vehicles and hybrid vehicles, shedding new light on the subject.
Contrary to previous beliefs, the study reveals minimal to no advantages of electric vehicles over hybrids in terms of CO2 emissions. The key finding is that aligning the battery size of an electrified technology with daily intended use, rather than focusing on long trips, is the ideal approach to minimize emissions. In fact, hybrids with low-capacity batteries outperform electric vehicles in terms of emission reduction for typical daily use in Europe.
The study provides important insights into the environmental impact of different vehicle technologies. It examines factors such as the carbon intensity of electricity generation required for production, battery charging, and vehicle segments. By analyzing real CO2 emissions data from the European automotive market, Garrett Motion’s study provides valuable information for both consumers and policy makers.
Olivier Rabiller, CEO of Garrett Motion, emphasizes the importance of consumer choice in selecting the most suitable electrified solution for their intended use. While electrification is crucial for reducing CO2 emissions, the study shows that, for certain use cases, there may be alternative technologies to 100 percent electric vehicles that are less polluting. This challenges the notion that BEVs are always the optimal choice for emission reduction.
In summary, Garrett Motion’s vehicle lifecycle study prompts a reevaluation of the automotive industry’s transition to 100 percent electric vehicles. It suggests that a combination of battery electric vehicles and hybrids, aligned with daily intended use, could be the most effective solution for reducing CO2 emissions and achieving zero-emission goals in European transportation.
Frequently Asked Questions (FAQ)
What is the main finding of Garrett Motion’s study?
The study reveals minimal to no advantages of battery electric vehicles (BEVs) over hybrids in terms of CO2 emissions.
Why do hybrids outperform electric vehicles in emission reduction?
Aligning battery size with daily intended use, rather than focusing on long trips, is the key factor in minimizing emissions. Hybrids with low-capacity batteries are more suitable for typical daily use in Europe.
Is electrification the best solution for reducing CO2 emissions?
While electrification is essential for reducing CO2 emissions, the study challenges the notion that 100 percent electric vehicles are always the optimal choice. The importance of choosing the electrified solution that best suits the intended use is emphasized.
What is the suggested approach for emission reduction?
Garrett Motion’s study suggests using a combination of battery electric vehicles and hybrids aligned with daily intended use to effectively reduce CO2 emissions.
– Garrett Motion Inc. (https://www.garrettmotion.com)