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Home / White Papers 2024

Electric Vehicles hit a speed bump

Firetrail
2 May 2024

Electric vehicles (EVs) are vehicles that are powered by electric motors and batteries instead of traditional internal combustion engines (ICE). They are seen as a key technology for reducing emissions. Following a period of exponential growth, the outlook for EV manufacturers has recently become more challenging.

Electric Vehicle sentiment turns sour

Slowing demand and profit warnings from the electric vehicle (EV) manufacturers has seen analysts revise down their EV penetration forecasts. EV sentiment has continued to worsen in 2024, with major EV automaker shares down 20-55% year-to-date.

We are big supporters of decarbonisation efforts, but these efforts cannot occur unless businesses are sustainably profitable. Decarbonisation projects must make economic sense.

Download the full paper

2 May 2024

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