The electrification of transport is the main frontier in the battle to reduce emissions from a sector that accounts for 15% of greenhouse gas emissions globally. For all the concern around air travel, aviation is not even close to being the biggest culprit. The poster child for transport electrification is Elon Musk and Tesla. Despite the huge progress, there are still some roadblocks that need to be hurdled before we can electrify transport. In particular, we are interested in startups that are tackling the following issues:

  • Battery costs and range
  • Raw materials and extraction of raw materials for batteries
  • Scaling green electricity to power electric vehicles
  • EV Infrastructure
  • Biofuels and aviation

At a base case with EV’s at 16% of total passenger miles by 2050, this would avoid 10.8 gigatones of CO2. With declining battery costs and increased performance and better affordability we expect this figure to be a lot higher.

In the US and Canada alone if carpooling rises from 10% to 15% in 2060, this could reduce emissions by .3 gigatons without any implementation costs.

Shifting from cars to electric bikes could reduce emissions by 1 gigaton by 2050 assuming an increase in e-bike mileage from 250 billion miles to 1.2 trillion miles.

If adopton of electric trucks and other fuel saving technologies grows from 2% to 85% by 2050 this could deliver 6.2 gigatons of carbon dioxide emissions reductions.

Videoconferencing which is now mainstream assuming it continues its current high usage can reduce emissions by 2 gigatons by 2050. This will save 82 billion travel hours.