* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Innovation at Scale: How P&G Transforms Business Through Technology – Procter & Gamble

    Revolutionizing Business: P&G’s Bold Journey into Technological Innovation

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Innovation at Scale: How P&G Transforms Business Through Technology – Procter & Gamble

    Revolutionizing Business: P&G’s Bold Journey into Technological Innovation

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

The Global South is missing out on the EV revolution. Here’s what automakers can do about it

June 27, 2024
in General
The Global South is missing out on the EV revolution. Here’s what automakers can do about it
Share on FacebookShare on Twitter

Electric vehicle (EV) adoption is soaring: sales could reach 17 million in 2024, accounting for one in five cars sold worldwide, according to the International Energy Agency’s Global EV Outlook 2024.

That growth, however, masks troubling trends. Nearly all EV sales this year will be in China (60 percent), Europe (25 percent) and the US (10 percent). And  many countries, particularly those in the Global South, will be left with the remnants.

As I previously reported, as highly developed economies electrify, they offload used internal combustion engine (ICE) vehicles onto emerging economies.  

In the 2023 report New But Used: The Electric Vehicle Transition and the Global Second-hand Car Trade, authors Matteo Craglia and Andreas Kopf highlight Norway as a global leader on electrification – 94.8 percent of the country’s new registrations in 2022 were EVs or hybrids. In the same period, however, exports of ICE vehicles from Norway have risen dramatically. Of those, Kopf said in an interview, “emerging economies will get the bottom of the barrel; the poorer quality cars that are not roadworthy and have significant air pollution problems.” 

Pushing ICE vehicles off on developing countries is a form of “carbon exporting” – reducing greenhouse gas emissions in the developed world while effectively shifting them to emerging economies. 

Tackling this problem is a thorny challenge; there’s not that much policymakers can do to prevent the sale of ICEs in other countries. Automakers, though, can play an important role – and a handful have started to do so. 

The next wave  

A much larger wave is forming on the horizon: China. 

EVs could reach a market share in China of 45 percent this year. “While its fleet electrifies, China will have a huge surplus of ICEs, which it will be very motivated to make money with through exports,” the authors told me. 

By 2050, China could be exporting as many cars as all other OECD economies combined.  

The resulting gas-guzzler torrent means that, on current trends, just 40 percent of the vehicle fleet in sub-Saharan Africa will be electric by 2050. That’s the best case outlook. In other  scenarios, that figure could be well below 10 percent.

Passenger Car Stock by Powertrain and Origin, Middle East and North Africa (MENA) and Sub-Saharan Africa, 2020-2050

A graph showing the adoption of vehicles by type and by source through 2050

“This indicates that as the developed world rapidly electrifies, there will be a large exodus of unwanted conventional vehicles moving toward the emerging economies, creating a glut,” said Craglia. 

A new model for recycling used cars

To avoid the Global South becoming a dumping ground for used ICE vehicles, part of the solution must be a normalization of scrapping them sustainably.

The EU’s proposed End-of-Life Vehicles Regulation provides a starting point. The regulation is designed to ensure that vehicles are designed with circularity in mind and to place responsibility on manufacturers to do so. Although the new rule aims to “ensure that only high-quality, technically fit European vehicles will be exported,” it only covers “irreparable” vehicles, meaning it will do little to stop the flood of driveable ICE’s heading to emerging economies.

Still, some manufacturers have begun to design vehicles with circularity in mind. In 2022, for example, Renault launched The Future is NEUTRAL, which aims to “become the leader in industrial and European scale of the closed-loop automotive circular economy”. 

The Future is NEUTRAL is developing novel ways to recover materials, metals and plastics from existing cars to recycle them into the production of new vehicles. The company says that  in 2023, it generated nearly $1 billion in revenue.

As things stand, new vehicles are made up of only 20-30% of recycled material, making the whole operation laborious and expensive. But with the help of its circular economy factory, Refractory, in France, Renault claims that figure could reach 85 percent.

If turning old vehicles into new ones becomes profitable, it will disincentivize manufacturers from allowing old models to be shipped off to the Global South. 

All of these other companies are losing market share because they’re not providing competitive products that meet the local needs

The right cars 

At the other end of the supply chain, in developing economies, there is ample opportunity to create an EV market that would reduce the demand for ICE imports. They just need the right vehicles.

In the US and Europe, electric cars are usually marketed as luxury goods, costing upwards of $30,000. Producing less expensive models would increase the uptake of EVs in the developing world.. 

“When you look at the future growth of vehicle fleets, it’s dominated by emerging economies … so I think there is an opportunity to be more creative in terms of the products you’re selling to these countries to better fit their needs,” said Sebastian Galarza, Executive Director of Centro de Movilidad Sostenible, a nonprofit supporting the decarbonization of transport in Latin America.

Right now, low-cost Chinese producers like BYD dominate this space, offering affordable models well below prices for comparable European and US vehicles. Bus fleets in the capitals of Chile and Colombia, once dominated by European brands, have been replaced by electric Chinese models.

“All of these other companies are losing market share because they’re not providing competitive products that meet the local needs,” Galarza says. “Why would anyone buy a Volvo bus for twice the price when … the other model is going to work fine?”

Meanwhile, EV sales in Thailand quadrupled year-on-year in 2023 to reach 10 percent, according to the IEA. In Vietnam, car sales contracted in 2023, but EV sales expanded to 15 percent of the market.

Which company has just begun construction of an EV plant in Thailand? BYD. 

Preventing  the Global South from being stranded in the ICE era will require manufacturers to increasingly use old car parts to build new ones -– and to make  EVs that emerging economies actually need and can afford.

[Supercharge your impact alongside other visionaries, experts and innovators leading the way to a regenerative future at VERGE 24, Oct. 29-31, San Jose.]

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : GreenBiz – https://www.greenbiz.com/article/global-south-missing-out-ev-revolution-heres-what-automakers-can-do-about-it

Previous Post

Metals Markets: Macroeconomic Challenges vs. Energy Transition Needs

Next Post

Climate-related issues are growing in urgency, sustainability experts say

SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

June 9, 2025
Coco Gauff Makes Request After French Open – Yahoo Sports

Coco Gauff’s Unexpected Request After French Open Exit

June 9, 2025
Alcaraz tops Sinner in a French Open final for the ages – Yahoo Sports

Alcaraz tops Sinner in a French Open final for the ages – Yahoo Sports

June 9, 2025

Ecology expands Washington state’s drought emergency – Columbia Basin Herald

June 9, 2025
Jane Goodall: ‘We must let local wisdom and science be ou… – observer.co.uk

Jane Goodall: ‘We must let local wisdom and science be ou… – observer.co.uk

June 9, 2025
Nanowires replace lost retinal cells – Science | AAAS

Nanowires Spark Breakthrough in Restoring Lost Retinal Cells and Vision

June 9, 2025
Cancer Daily Horoscope Today (June 21 – July 22) June 9, 2025: Lifestyle will improve! – India Today

Cancer Daily Horoscope for June 9, 2025: Get Ready for Exciting Lifestyle Changes!

June 9, 2025
Luka Mijatovic on Qualifying for World Champs: “I didn’t want to put any pressure on myself” – SwimSwam

Luka Mijatovic Opens Up on His World Championships Qualifying: “I Didn’t Want to Put Any Pressure on Myself

June 9, 2025
North America Creator Economy Market Size | CAGR of 19% – Market.us

North America’s Creator Economy Poised for Explosive 19% Growth

June 9, 2025

Three Trailblazing Women Celebrate Victory with Prestigious Frank Prize in Performing Arts

June 9, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (678)
  • Economy (692)
  • Entertainment (21,597)
  • General (15,293)
  • Health (9,734)
  • Lifestyle (696)
  • News (22,149)
  • People (693)
  • Politics (699)
  • Science (15,911)
  • Sports (21,195)
  • Technology (15,679)
  • World (677)

Recent News

SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

June 9, 2025
Coco Gauff Makes Request After French Open – Yahoo Sports

Coco Gauff’s Unexpected Request After French Open Exit

June 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version