As 2025 approaches, greenhouse gas emissions are still on the rise, despite global discussions, ambitious goals, and significant investments by governments and corporations. The missing ingredients are speed and urgency — and these won’t materialize without decisive action.
The transportation sector, especially the automotive industry, holds the key to a major climate solution: electrification. Electric vehicles (EVs) are the only well-developed and credible technology capable of aligning with the Paris Agreement’s goals.
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Today’s EVs outperform internal combustion engine (ICE) vehicles in nearly every way, offering longer ranges, faster charging, advanced infotainment systems, superior performance, and greater comfort. Yet, the shift to electric mobility is happening far too slowly. In some regions, adoption rates are even declining.
However, there are bright spots. Countries like Norway, India, and China demonstrate how targeted incentives and clear government policies can accelerate the transition. Once consumers experience the benefits of EVs, adoption often triggers a snowball effect, similar to trends seen with other sustainable technologies like solar power.
Unfortunately, progress is being undermined by wavering policies. In the EU, plans to phase out ICE vehicles are now under review, with arguments centered on competitiveness and job protection.
At the same time, vital green energy investments, like those from Northvolt and Vattenfall, are losing support. Short-term economic concerns and market fluctuations are derailing the long-term climate commitments policymakers and investors promised. This hesitation not only hampers the transition to sustainability but also keeps polluting options cheaper and more accessible.
At COP29, we urge leaders to deliver on their commitments by bolstering support for climate solutions. This includes accelerating the shift to electric mobility and implementing global carbon pricing mechanisms. Many companies, large and small, are ready to lead this transition, armed with the technology and determination to drive change. Policymakers and investors must act now to match this momentum and ensure a sustainable future.
Michael Lohscheller
CEO, Polestar
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