On ushering a transportation revolution: Are electric cars better for the environment?
3 Apr 20236 min read
Summary
- The article examines how the rise of electric vehicles (EVs) represents a wider transportation revolution in Asia, encompassing power systems, infrastructure resilience and new mobility models.
- It highlights that while EVs offer lower tail‑pipe emissions and strong promise for cleaner urban environments, their environmental benefits depend heavily on electricity‑generation mix, battery manufacturing and life‑cycle management.
- The piece concludes that businesses must engage across the value chain—from vehicle manufacturers to energy providers and infrastructure planners—if they are to capture value and avoid being sidelined in the evolving clean‑mobility ecosystem.
Electric cars are making a case in a transportation revolution as motorists look for a sustainable means of hitting the road. Using electricity instead of gasoline makes electric vehicles (EVs) in Asia cost-efficient.
It also renders decarburization. In fact, in every EV, carbon dioxide is reduced by 1.5 million grams every year.
At present, the Asian vehicles market is on track toward significant growth and is creating chances for value creation across the supply chain. The said market is steered by technology, energy, and financial players who deliver value propositions.
EV’s stake in going ‘Green’
In every Asian country, EVs’ entry into the market and the level of adoption are affected by the government, which is a key stakeholder in supply chains. Specifically, a government’s power to render laws, restrictions, and subsidies could either progress or hamper the EV transportation revolution.
China, Japan, and South Korea have made comprehensive policy frameworks to support EV adoption. Meanwhile, emerging Asian countries like Thailand and Indonesia have set targets for EV production.
Notably, EVs’ emissions will continue to decline as the power grid continues to transition toward renewable energy sources. Doing so will help reduce air pollution and usher a transportation revolution.
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