{"id":98950,"date":"2024-02-28T07:55:27","date_gmt":"2024-02-28T07:55:27","guid":{"rendered":"http:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/fuel-for-thought-ceraweek.html"},"modified":"2024-02-28T07:55:27","modified_gmt":"2024-02-28T07:55:27","slug":"fuel-for-thought-ceraweek-an-increasingly-fragile-mobility-and-energy-transition","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/02\/28\/fuel-for-thought-ceraweek-an-increasingly-fragile-mobility-and-energy-transition\/","title":{"rendered":"Fuel for Thought: CERAWeek – An increasingly fragile mobility and energy transition"},"content":{"rendered":"

Listen to this Fuel for Thought
\nPodcast<\/a><\/p>\n

With the upcoming S&amp;P Global CERAWeek<\/a> and Innovation Agora<\/a> event in Houston (TX), it's good to remind
\nourselves of the rich history of this high-level event in terms of
\nautomotive and mobility sector leaders' participation; especially
\nin an era where the mobility and energy transition is warranting a
\nmore prominent centre stage role. Over the last few years, our
\naudience has benefitted from insights shared by thought leaders
\nsuch as Bill Ford (Ford Motor Company), Mary Barra (General
\nMotors), Jim Farley (Ford Motor Company), RJ Scaringe (Rivian), JB
\nStraubel (Tesla\/Redwood) and Henrik Fisker (Fisker). Perhaps not
\nsurprisingly, most of them have been discussing the challenge of
\nmoving the industry on a trajectory of electrification and all the
\nassociated benefits, along with the inevitable hurdles this
\ntransition will bring to light.<\/p>\n

In the context of today's challenging global landscape,
\nparticularly in geopolitical terms, with voters in 60-plus
\ncountries heading to polls in national or local elections this year
\n– representing more than half the world's population –<\/em> the
\npotential ramifications for electric vehicle (EV) adoption could be
\nsubstantial.<\/p>\n

Similarly, global supply chain disruptions could also impact the
\nmobility and energy transition which appears to lose the customer
\ninterest across selected global markets. Outside of China,
\nquestions are swirling about the near-term prospects for EV
\nconsumer acceptance beyond earlier adopters. Effectively, the gap
\nbetween the prices of EVs and comparable ICE vehicles remains wide
\nin the United States and Europe\u2014and a recent flurry of news
\nreports have reinforced that the EV public charging experience on
\nboth sides of the Atlantic leaves much to be desired. And the
\nupcoming S&amp;P Global CERAWeek and Innovation Agora event poses
\nthe ideal platform to explore this situation further in the
\npresence of relevant industry leaders.<\/p>\n

The year ahead promises to be precarious for the automotive and
\nmobility sector. According to the S&amp;P Global Mobility “New EV
\nPlayers Monitor”<\/a>, the year 2023 witnessed the most EV start-up
\nplayer failures since the inception of this dedicated research
\nservice, with around 41% of new EV start-up players who made it
\ninto volume production now no longer operating, and we expect this
\nnumber to rise to 50% by 2025. Effectively, the average lifespan of
\nnow defunct new EV start-ups, that made it to start of volume
\nproduction, remains at only 4 years. And all this following an
\nestimated combined capital inflow of more than US$80 billion
\ninvested in new EV start-ups since 2005.<\/p>\n

Could this be the beginning of a wave of electrification
\nstakeholder consolidation, and possible more investment failures?
\nAlready over the last six years the mobility industry has witnessed
\na culling of a variety of forms of shared mobility, starting with
\nthe infamous Chinese shared bicycles schemes after their boom
\nyears, and now we observe similar indications in the car-sharing
\nsector after several major original equipment manufacturers (OEMs)
\nand investors suffered significant losses due to reduced demand and
\nhigh operational costs.<\/p>\n

While growing climate pressure (as well as sustainability
\nfactors) will increasingly manifest themselves across the
\nautomotive and mobility sector, hence the energy transition –
\neffectively forms of electric propulsion – will eventually come to
\nthe fore, but at the current rate this still seems a long way
\nout.<\/p>\n

Once the electrification technology becomes more mainstream,
\ndependable, and more economical there will be a major case to be
\nmade for multi-modal mobility solutions, and perhaps a new wave of
\nstart-up communities to foster innovative ideas. Without a doubt,
\nartificial intelligence (AI) might even further revolutionise the
\nwhole so-called “New-Mobility” sector and could unlock a future
\nmobility market which could see much less dependency upon
\npersonally owned vehicles, and more on-demand vehicles such as
\nrobotaxi and\/or purpose build vehicles (PBV).<\/p>\n

Objectively, electrification of the world's vehicles (light and
\nheavy vehicles) is gaining momentum, yet progress for now remains
\nconcentrated in selected markets. And while the automotive sector
\nleads in decarbonization efforts, the heavy truck sector lags
\napproximately a decade behind and varies across different
\napplications. Successfully meeting climate goals requires reducing
\noil consumption, which necessitates addressing transportation fuel
\ndemand. Currently, the electrification of the automotive fleet
\nstands out as the most advanced initiative within the
\ntransportation sector, with one in every three light vehicles sold
\nin China being electric. However, the adoption of EVs by American
\nconsumers remains lackluster, and the development of EV heavy
\ntrucks lags significantly behind EV passenger vehicles. Despite
\nthese challenges, the trajectory is clear: EVs are steadily
\nentering key markets, while oil demand is approaching its peak.
\nEncouragingly, evolving trends in fuel economy within the on-road
\nsector play a pivotal role in shaping S&amp;P Global's perspective
\nthat oil demand is poised to reach its peak within the next five
\nyears.<\/p>\n

Policy and infrastructure will continue to play crucial roles in
\nshaping the trajectory of EV adoption. While three of the largest
\nmarkets\u2014China, Europe, and the US\u2014have established
\nlongstanding government policies, regulations and incentives to
\nsupport EV sales and manufacturing. Moreover, China and Europe have
\nmade comparatively greater investments in public charging
\ninfrastructure, which continues to hold back greater EV sales
\nadoption in the US. According to a recent S&amp;P Global Mobility
\nsurvey, after the vehicle purchase price, the lack of a charging
\nstation availability is the largest reason for buyers not to
\nconsider an EV with about half of those survey respondents raising
\nthe issue. Concerningly, there are signs that EVs are encountering
\nchallenges attracting buyers beyond early adopters. For example,
\ndespite price reductions, Tesla has indicated that their sales
\ngrowth for the year may see a notable decline, while other
\nautomakers have also cautioned about slower EV sales growth and are
\ntemporarily scaling back investments in EV production capacity,
\nparticularly in the US, but also in other markets.<\/p>\n

The view from the automotive suppliers is that they understand
\nthey too will eventually have to invest, but they also know they
\ncan't allocate too much of their capital too early as this could
\ncost them dearly. From their perspective it's all about flexibility
\nand adaptation, ultimately to keep the right level of balance and
\nmake sure they are prepared when the EV market grows in
\nearnest.<\/p>\n

While consumer apathy towards EVs persists, policy initiatives
\ncontinue to forge ahead – such as the European Union's de facto ban
\non new light ICE vehicle sales from 2035. For now, a tension
\nbetween government regulations and consumer EV adoption is likely
\nto persist in many key markets, until EVs narrow the price gap with
\nICE vehicles and public EV chargers become more ubiquitous. The
\noutcome of this tug-of-war holds significant implications for
\nautomotive manufacturers, technology suppliers, and fuel refiners
\nalike.<\/p>\n

Ultimately, the path to decarbonization for each vehicle
\nmanufacturer varies as that path is influenced by factors such as
\ncarbon footprint, global operations and the target year selected to
\nreach net-zero. Holistically, looking out to 2050 and beyond, it is
\nincreasingly evident that (1) electrification of the automotive
\nindustry alone may not be sufficient to meet the Paris Agreement
\ndecarbonization goals overall. As a result, the automotive industry
\nmay have to explore additional sustainable pathways, including (2)
\nnet carbon-neutral production, (3) sustainable supplier
\ntransformation, and (4) material reuse and recycling. Understanding
\nhow these four pathways can work together is arguably the biggest
\nchallenge ahead yet, it's clear we're in it for long-haul.<\/p>\n

\n————————————————————–<\/p>\n

Dive deeper into these mobility insights:<\/strong><\/p>\n

Attend CERAWeek – the
\nWorld's Premier Energy Conference<\/strong><\/a><\/p>\n

Deep Dive: Electric
\nVehicles and Batteries. Read More.<\/strong><\/a><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Listen to this Fuel for Thought
\nPodcastWith the upcoming S&amp;P Global CERAWeek and Innovation Agora event in Houston (TX), it's good to remind
\nourselves of the rich history of this high-level event in terms of
\nautomotive and mobility sector l…<\/p>\n","protected":false},"author":1900,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-98950","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/98950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/1900"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=98950"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/98950\/revisions"}],"predecessor-version":[{"id":99413,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/98950\/revisions\/99413"}],"wp:attachment":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/media?parent=98950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/categories?post=98950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/tags?post=98950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}