Electromobility and reducing emissions.
There is no universal solution that will meet our customers’ mobility requirements. Alternative drives and digitalisation are transforming mobility. However, this process is occurring at different speeds across the various regions of the world. The BMW Group believes that openness to various technology types is of decisive importance for the mobility of the future.
In view of significant uncertainties with regard to the required framework conditions, no drive technology can currently be ruled out. Well-founded, regular reviews should form the basis for setting further goals. The infrastructure development status and current geopolitical situation, including all relevant dependencies, must be taken into account as part of this process. The degree of electrification ahead of us will bring with it huge demand for the raw materials used to make the batteries (such as lithium and cobalt). These raw materials are mined and refined mainly outside of Europe, with these processes sometimes concentrated in high-risk regions.
At the same time, the forecasts for future CO2 fleet targets in all major markets are extremely ambitious. To achieve these goals, the framework conditions must be shaped decisively and bindingly by all political stakeholders. In particular, this concerns the presence of a charging and H2 refuelling infrastructure that offers customer value, as well as sufficient availability of renewable energies. Today, there is a direct correlation between infrastructure density and electric vehicle market shares.
Switching to zero-emissions mobility requires holistic framework conditions. An approach that is open to technology with a diverse range of low- and zero-emissions drive options will ensure strategic resilience. Concentrating on a single technology with its individual limitations creates geopolitical dependencies and could lead to bottlenecks – concerning critical raw materials, for example – that would endanger the natural changeover of all customers.
By contrast, the raw materials and supply chains for fuel cell vehicles can be easily switched over because fuel cell systems are comprised of common materials such as steel, polymers, aluminium and the amount of platinum needed to make one to two catalytic converters. Recycling industries are already well established for these materials, and large quantities of recycled material are available.
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