Several automakers have taken the lead in “advanced vehicles,” according to a new report from CDP. The category includes battery electric (EV), plug-in hybrid (PHEV), and fuel cell (FCV) vehicles.
Nissan, Renault, and Volkswagen were singled out for “A” grades for cars that limited emissions. VW launched five new models of advanced vehicles last year, contributing to a three-fold increase in category sales globally.
Toyota and BMW also ranked “high” on environment-related metrics. BMW, VW, Daimler, and Ford FCA received “A” grades on managing emissions during manufacturing, which accounts for 20% of the industry’s emissions.
Nissan is the top performing company in CDP’s overall rankings. It leads in BEVs; its Leaf is the best-selling BEV globally. Renault, BMW, and Toyota are other companies that score high in the overall rankings.
The report notes that about half of the automakers were found to be “at least mildly supportive” of low carbon regulation.
On the revenue side, the report notes strong sales possibilities for advanced vehicles in China where stringent emissions targets are combined with a large, still-growing market. CDP projects a possible two million sales of advanced vehicles by 2020.
On the down side, CDP’s report finds that VW and seven other companies are exposed to the risk of potential penalties in the EU and/or US for failure of their fleets to meet emissions standards
See CDP’s automotive “Super League Table” that highlights those companies best prepared for climate regulation.