Transparency and The Automotive Industry
In an industry where global supply chains of steel, fossil fuels and other resources are the norm, transparency often makes for an unpleasant read.
The post Transparency and The Automotive Industry appeared first on LUXUO.
Image Credit: Courtesy of Polestar
In September of 2020, Swedish electric vehicle (EV) manufacturer Polestar called on other automakers to be more transparent about their supply chain and production processes. According to Polestar?s CEO, Thomas Ingenlath, the industry hasn?t been the most forthcoming with its consumers regarding the environmental impacts of their products. ?That?s not good enough. We need to be honest, even if it makes for uncomfortable reading,? he commented on the subject. We look at the practices of the automotive industry and examine how transparent it really is.
As we?ve pointed out several times before, the rise of the internet and social media has made the new generation of consumers more aware of hot-button issues around the world. This influences how and where they shop, as they demand that industry leaders do their part to address these issues. One area of concern that is particularly salient to automakers is environmental impact.
The global use of fossil fuels to power cars contributes greatly to carbon emissions and greenhouse gases. The advent of the EV, arguably brought about by Tesla, seemed to be the industry?s solution to reduce its carbon footprint. While powering a car using electrical energy does reduce the en...
The post Transparency and The Automotive Industry appeared first on LUXUO.
Image Credit: Courtesy of Polestar
In September of 2020, Swedish electric vehicle (EV) manufacturer Polestar called on other automakers to be more transparent about their supply chain and production processes. According to Polestar?s CEO, Thomas Ingenlath, the industry hasn?t been the most forthcoming with its consumers regarding the environmental impacts of their products. ?That?s not good enough. We need to be honest, even if it makes for uncomfortable reading,? he commented on the subject. We look at the practices of the automotive industry and examine how transparent it really is.
As we?ve pointed out several times before, the rise of the internet and social media has made the new generation of consumers more aware of hot-button issues around the world. This influences how and where they shop, as they demand that industry leaders do their part to address these issues. One area of concern that is particularly salient to automakers is environmental impact.
The global use of fossil fuels to power cars contributes greatly to carbon emissions and greenhouse gases. The advent of the EV, arguably brought about by Tesla, seemed to be the industry?s solution to reduce its carbon footprint. While powering a car using electrical energy does reduce the en...
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