Tougher Fuel Efficiency Standards and an Electric Vehicle Push Will Accelerate Sales and Profits for US Carmakers More than Global Competitors
Source: Ceres is a national coalition of major investors, businesses and public interest organizations working with companies to address sustainability challenges such as climate change and water scarcity. Ceres directs the Investor Network on Climate Risk, a North American network of institutional investors focused on addressing the financial risks and investment opportunities posed by climate change. INCR currently has more than 95 members with collective assets totaling about $9.5 trillion.
As the U.S ramps up vehicle fuel efficiency standards, two new reports from Citi Investment Research, Ceres and longtime independent industry experts conclude that U.S. automakers will be more profitable at a fleetwide 42 mile per gallon (MPG) average in 2020 – the strictest standard now proposed for that year and one seen as eminently achievable – and that by 2015 more than one in 20 cars sold in the U.S. will be hybrid, plug-in or full electric vehicles (EV).
