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14. October, 2024

WCI bets on EV sales s-curve to stave off potential carbon price of USD 230/t by 2045

Global CarbonNorth America Carbon
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Carbon prices in the California-Quebec emissions trading scheme will bedetermined by the implementation of ICE and Gas boiler sales ban.For California, this means sustaining a ~7% annual increase in EV sales in order to reach 100% by 2035. The current percentage of new EV sales is 25%. If targets are missed, or loopholes and a lack of stringency emerge, then allowance prices could reach just under USD 90/t in 2030 and over USD 230/t by 2045 according to Veyt analysis.

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