The global automotive industry is currently witnessing seismic shifts, according to the new Environmental, Social, and Governance (ESG) Intelligence report released by Oxford Business Group (OBG) in partnership with General Motors (GM).
The report explores the key role that electric vehicle (EV) production could play in cutting carbon emissions and creating viable sustainable mobility solutions across Africa and the Middle East.
The analysis also highlights the implications for production and consumption in Africa and the Middle East in an easy-to-navigate and accessible format, supported by data and infographics.
Additionally, the study discusses the role of research and development (R&D) activities in developing the technologies and innovations required for low-carbon and zero-emission vehicles.
Moreover, the ESG Intelligence report also considers the importance of ensuring EVs and automated vehicles (AVs) meet the expectations of consumers, with safety, reliability, and affordability among the criteria requiring satisfaction. It also notes the importance of ensuring that related infrastructure development, such as EV charging facilities, keeps pace with vehicle production in markets across the Middle East and Africa.
Commenting on the report, Luay Al Shurafa, GM’s President and Managing Director, Africa & Middle East, said “Our commitment to this here in the Middle East is evidenced by our target of a 95 percent reduction in our annual operational carbon footprint in the UAE and our plan to launch 13 EVs in the region by 2025.”
“In the UAE, by 2035, we will have reduced our CO₂ emissions by more than 24,000 metric tonnes, and we are planning to make all our global products and operations carbon neutral by 2040,” Al Shurafa added.
