Electric vehicles need to be owned longer, driven further to offset ‘embedded carbon,’ Jefferies says
Electric vehicles need to be owned longer, driven further to offset ‘embedded carbon,’ Jefferies says Published Wed, May 26 2021 9:16 PM EDT Updated Wed, May 26 2021 9:44 PM EDT Eustance Huang @EustanceHuang Electric vehicle manufacturing currently faces an “embedded carbon” challenge, says Jefferies’ Simon Powell. He explained that a “huge amount” of carbon is emitted when materials such as steel, aluminum and glass are created and put together to manufacture vehicles. The relatively higher weight of electric vehicles today is a result of manufacturers’ focus on the range for these cars, Powell said. watch now VIDEO 02:30 Jefferies explains why ‘greener steel’ matters for the electric vehicle sector Electric vehicle manufacturing currently faces an “embedded carbon” challenge, says Jefferies’ Simon Powell. “To gain the environmental dividend that governments are looking for, users are going to have to keep them longer, drive them further than they may have done with a conventi...