(ZH) Life Cycle Emissions: EVs Vs Combustion Engine Vehicles

Life Cycle Emissions: EVs Vs Combustion Engine Vehicles

According to the International Energy Agency, the transportation sector is more reliant on fossil fuels than any other sector in the economy. In 2021, it accounted for 37% of all CO2 emissions from end‐use sectors.
To gain insights into how different vehicle types contribute to these emissions, Visual Capitalist's Selin Oguz and Sam Parker created the inforgapohic below to visualize the life cycle emissions of battery electric, hybrid, and internal combustion engine (ICE) vehicles using Polestar and Rivian’s Pathway Report.
Production to Disposal: Emissions at Each Stage
Life cycle emissions are the total amount of greenhouse gases emitted throughout a product’s existence, including its production, use, and disposal.
To compare these emissions effectively, a standardized unit called metric tons of CO2 equivalent (tCO2e) is used, which accounts for different types of greenhouse gases and their global warming potential.
Here is an overview of the 2021 life cycle emissions of medium-sized electric, hybrid and ICE vehicles in each stage of their life cycles, using tCO2e. These numbers consider a use phase of 16 years and a distance of 240,000 km.
While it may not be surprising that battery electric vehicles (BEVs) have the lowest life cycle emissions of the three vehicle segments, we can also take some other insights from the data that may not be as obvious at first.
  1. The production emissions for BEVs are approximately 40% higher than those of hybrid and ICE vehicles. According to a McKinsey & Company study, this high emission intensity can be attributed to the extraction and refining of raw materials like lithium, cobalt, and nickel that are needed for batteries, as well as the energy-intensive manufacturing process of BEVs.
  2. Electricity production is by far the most emission-intensive stage in a BEVs life cycle. Decarbonizing the electricity sector by implementing renewable and nuclear energy sources can significantly reduce these vehicles’ use phase emissions.
  3. By recycling materials and components in their end-of-life stages, all vehicle segments can offset a portion of their earlier life cycle emissions.
Accelerating the Transition to Electric Mobility
As we move toward a carbon-neutral economy, battery electric vehicles can play an important role in reducing global CO2 emissions.
Despite their lack of tailpipe emissions, however, it’s good to note that many stages of a BEV’s life cycle are still quite emission-intensive, specifically when it comes to manufacturing and electricity production.
Advancing the sustainability of battery production and fostering the adoption of clean energy sources can, therefore, aid in lowering the emissions of BEVs even further, leading to increased environmental stewardship in the transportation sector.

>>> Stoxx 600 Pre-Market Indications

  • Wacker Chemie (WCH TH) +1.9%
    • Wacker Chemie Raised to Buy at HSBC; PT 155 euros
  • Ryanair (RY4C TH) +1.3%
    • Ryanair June Load Factor 95%
  • Umicore (NVJP TH) +1.1%
  • Rheinmetall (RHM TH) +1%
  • Boliden (BWJ TH) +0.7%
  • ASML (ASME TH) +0.6%
  • Wolters Kluwer (WOSB TH) +0.6%
  • Novo Nordisk (NOVC TH) +0.6%
    • Irish Times: Diabetes patients forced to ration insulin due to product shortage
  • Aixtron (AIXA TH) -0.6%
  • Covestro (1COV TH) -0.6%
  • K+S (SDF TH) -0.6%
  • Thyssenkrupp (TKA TH) -0.6%
    • Public Funding Will Be Test of Low-Carbon Steel’s Mettle
  • Evonik (EVK TH) -0.7%
  • HelloFresh (HFG TH) -0.8%
  • Nel (D7G TH) -0.8%

>>> TradeGate Pre-Market Indications

DAX:
  • Rheinmetall (RHM TH) +1%
    • Thornburg Intl Value Buys More Rheinmetall
  • Vonovia (VNA TH) +0.7%
  • Siemens Energy (ENR TH) +0.6%
    • Siemens Energy Investor Raised Voting Rights to 5.34% on June 29
  • Deutsche Bank (DBK TH) +0.6%
    • Deutsche Bank Upgraded to A- by Fitch, Outlook Stable
  • Bayer (BAYN TH) +0.5%
MDAX:
  • Wacker Chemie (WCH TH) +1.9%
    • Wacker Chemie Raised to Buy at HSBC; PT 155 euros
  • Evotec SE (EVT TH) +0.7%
  • K+S (SDF TH) -0.6%
  • Evonik (EVK TH) -0.7%
SDAX:
  • Deutsche PBB (PBB TH) +1.4%
  • Suedzucker (SZU TH) +1.1%
  • PNE AG (PNE3 TH) +1%
  • Aroundtown (AT1 TH) +0.9%
  • Schaeffler (SHA TH) +0.7%
  • AUTO1 (AG1 TH) -0.5%

>>> What to look at today - 4th of July 2023

The rally in global shares paused Tuesday amid lackluster trading as US futures fluctuated and Japanese equities weighed down a gauge of Asia stocks. The Australian dollar declined after the central bank kept interest rates unchanged while the yield on the nation’s three-year bond reversed an earlier gain. Australian equities rose. Japan’s Topix fell about 0.5%, while Hong Kong’s Hang Seng Index rose by around the same amount and shares in Shanghai fluctuated.  This follows an advance of just 0.1% for the S&P 500 in a shortened session Monday that ended at lunchtime. The Nasdaq 100 added 0.2% on a day that brought data showing a slowdown in manufacturing.  Major currencies were mostly steady. Treasuries weren’t trading Tuesday due to the Independence Day holiday in the US. The offshore yuan strengthened for a third day after the People’s Bank of China extended again its efforts to prop up the currency through its daily reference rate.  Economists and traders were divided on the likelihood of a rate hike or pause by the Reserve Bank of Australia.  Shares of Chinese non-ferrous metals firms climbed after the government imposed restrictions on exports of gallium and germanium, which are crucial for the semiconductor, telecommunications and electric-vehicles sectors. The ban is seen China’s escalation of the tit-for-tat technology trade conflict with the US and its allies. The new restrictions are a second, and much bigger, countermeasure in the tech war after China’s similar move on Micron Technology Inc., according to Jefferies analysts, including Edison Lee. “If this doesn’t change the US-China dynamics, more rare earth export controls should be expected,” they wrote in a note. Meanwhile, a key part of the US Treasury yield curve approached its most inverted level in decades on Monday as traders priced in further hikes from the Federal Reserve. Two-year yields exceeded the 10-year by around 111 basis points. ooling signals in the world’s biggest economy — which are set to influence the trajectory of the Fed’s monetary-tightening cycle — mean investors are tempering expectations for stocks for the remainder of the year, especially as central banks worldwide have maintained their hawkish rhetoric. The manufacturing sector painted a grim picture as US factory activity fell to its weakest level in more than three years. Production and new orders data also suggested a pullback. Oil rose as traders assessed the latest salvo from OPEC+ kingpins Saudi Arabia and Russia to prop up prices by curbing supply. Gold ticked higher


Nikkei -1.03% Hang Seng +0.12% CSI -0.06% Shanghai -0.15% Shenzen +0.09%

Eur$ 1.0901 CNH 7.2417 CNY 7.2322 JPY 144.64 GBP 1.2687 CHF 0.8970 RUB 89.2767 TRY 25.9473 WTI$ 70.18 +0.56% Gold 1,924 +0.13% BTC 31,050 -0.26% ETH 1,953 -0.29%

S&P -0.03% Nasdaq -0.11% EuroStoxx +0.04% FTSE -0.13% Dax +0.07% SMI +0.04%

Macro :
- US to Curb China Access to Cloud Services Like Amazon, WSJ Says
- Public Funding Will Be Test of Low-Carbon Steel’s Mettle

Keep an eye on :
- CNA LN : UK’s Ofgem Warns Energy Suppliers to Hold Off Big Dividends
- CSGN SW : Top Credit Suisse Banker in Qatar Set to Join Exodus (Correct)
- EFGN SW : EFG’s Collardi Says ‘Realistic’ to Hire 100 Wealth Bankers
- ELE SM : Repsol Chairman Exploring Deal for Enel’s Endesa: Confidencial
- ENEL IM : Repsol Chairman Exploring Deal for Enel’s Endesa: Confidencial
- FCC SM : FCC Aims to Launch Takeover Offer of Metrovacesa: El Economista
- FIS US : GTCR in Talks for FIS Worldpay Stake at Up to $20b Value: Rtrs
- FLOW NA : Flow Traders Prelim 2Q Normalized Net Trading Income About EU49M
- HLN LN : Advil Owner Haleon Said to Mull Sale of Nicotine Gum Business
- IDR FP : Indra Approves New Organizational Structure, Names Executives
- INF LN : Informa Placed on Positive Catalyst Watch at Citi Before Results
- MVC SM : FCC Aims to Launch Takeover Offer of Metrovacesa: El Economista
- PSH NA : Pershing Square Holdings June Net Performance +7.3%
- REP SM : Repsol Chairman Exploring Deal for Enel’s Endesa: Confidencial
- RYA ID : Ryanair June Load Factor 95%
- STLA US : Stellantis to Invest in Italy Plant as Part of Electric Overhaul
- FR FP : Valeo Still in Talks With a Couple of Clients for Price Hikes
- VIRP FP : Virbac Cuts FY Organic Revenue at Constant FX Forecast
- VOW GY : Portugal Light Vehicle Sales Rose 44% in June, Acap Says
- WP US : GTCR in Talks for FIS Worldpay Stake at Up to $20b Value: Rtrs

>>> Europe : Brokers Upgrades & Downgrades - 4th of July 2023

>>> Up
* Adidas PT Raised to 220 euros from 180 euros at Berenberg
* Castellum Raised to Buy at DNB Markets; PT 125 kronor
* City Pub Raised to Buy at Panmure Gordon; PT 130 pence
* Games Workshop PT Raised to 12,000 pence at Peel Hunt
* Kindred GDRs Raised to Buy at ABG; PT 140 kronor
* Norva24 Group Raised to Buy at Citi; PT 35 kronor
* Wacker Chemie Raised to Buy at HSBC; PT 155 euros

>>> Down
* AstraZeneca Cut to Hold at Deutsche Bank; PT 11,000 pence
* Dunelm Cut to Underperform at RBC; PT 1,000 pence
* Georg Fischer Cut to Add at Baader Helvea; PT 70 Swiss francs
* Intrum Cut to Hold at Arctic Securities; PT 89 kronor
* Persimmon Cut to Neutral at JPMorgan; PT 1,090 pence
* Tobii Cut to Hold at Handelsbanken

>>> Initiation
* Fugro Reinstated Outperform at BNPP Exane; PT 18.90 euros
* Knorr-Bremse Re-Initiated Neutral at BNPP Exane; PT 66 euros

>>> Call
* Adidas PT Raised to Street-High at Berenberg on Brand Turnaround
* Dunelm Will Find Growth Tougher, Cut to Underperform at RBC
* Monster Agrees to Buy Bang; ‘Strategic Positive’ Says Goldman
* Norva24 Group Raised to Buy at Citi on Attractive Entry Point
* Persimmon Downgraded at JPMorgan as Volume Recovery in Jeopardy

Business Of Fashion : Highsnobiety Lays Off 10 Percent of Its Staff

Highsnobiety Lays Off 10 Percent of Its Staff
The Zalando-owned streetwear and youth culture media platform announced the layoffs of 24 employees last week, citing unfavourable economic conditions and the need for cost-cutting measures, sources said.

German streetwear and youth culture media platform Highsnobiety announced the layoffs of 24 employees last week, about 10 percent of its workforce, people close to the matter told BoF.

Founder and CEO David Fischer and chief operating officer Jürgen Hopfgartner announced the news on an internal call last week, citing unfavourable economic conditions and the need for cost-cutting measures, according to these sources.

The job cuts affected employees across departments including editorial, commerce, data and marketing, as well as the company’s in-house creative agency, HS+.

Highsnobiety confirmed the layoffs in a statement released exclusively to BoF saying the company is “streamlining our global structure to more closely align with the shifting industry as well as internal needs as the publishing, the e-commerce and the agency elements of our company continue to individually evolve and expand.” The company added that its “longer-term vision remains unchanged by any of these measures.”

The restructuring comes amidst uncertainty regarding the company’s retail business. The opening of Highsnobiety’s first-ever permanent flagship store in Berlin was originally slated for June, but has now been pushed back until towards the end of 2023, sources told BoF.

The company, which was founded by Fischer in 2005 as a streetwear-focused blog, was acquired by Zalando in June 2022. The German e-commerce giant was enticed by Highsnobiety’s connections to high-end luxury and streetwear brands, along with the platform’s content-driven retail business, which comprises its multibrand e-commerce site and other retail pop-ups.

Financial terms weren’t disclosed, but the deal reportedly valued Highsnobiety between $180 million and $250 million.

Last week, Highsnobiety threw a large party at Paris Fashion Week in collaboration with sneaker resale platform StockX and hosted by Canadian model Winnie Harlow, as part of its five-day long “Not In Paris” retail and cultural pop-up.

Meanwhile, the platform launched verticals dedicated to beauty and sports in February this year and May 2022, respectively.