Fossil fuels collectively supply about 85% of today’s world energy; of this amount, transportation powered by petroleum produces 25% of man-made atmospheric carbon dioxide – a greenhouse gas contributing to global warming. Consequently, petroleum is facing threats from renewable energy sources, climate change concerns, EV usage and politicians sometimes promoting pseudoscientific environmental policies. It seems that future undertakings directed at decarbonizing transport will be driven mainly by government legislation and mandates, not by consumer preferences or diminished petroleum supplies. The tire industry will not be immune to these pressures, but the movement toward sustainable mobility could be problematic for tire manufacturers and their suppliers.
Source: Tire technology International