There are a number of promising efforts, like the development of ‘green’ steel, and the location of battery plants close to OEMs to lower carbon transport costs,” McKinsey’s report reads. “Some such plants are even powered with carbon-free, water-generated electricity.”While this type of infrastructure becomes the norm, the analyst says low-carbon fuels, hybrid vehicles and more efficient gas-powered cars are likely to play an important role in the transition to a zero-emission global vehicle fleet.“Holding emissions under the 45 gigaton target will require a cross-industry effort among companies, industries, and government. For instance, the energy and transport sectors can work together to drive smart-charging technologies that would in turn accelerate the shift to EVs. Coalitions can be formed to develop clean supply chains for the creation of low-carbon battery solutions that reflect the full potential of a circular economy,” the analysis suggests.For the experts at McKinsey, the need for regulators and policymakers to intercede may become evident in the near future and they may need to adopt an ecosystem perspective with cross-border goals and meaningful timelines for all elements involved in the transition, from the number of charge points needed to the trajectory of carbon reduction. QUOTE New era being embraced IMO
