REPORT: The Internal Combustion Engine Bubble

Current auto industry planning is not aligned with a 1.5°C compatible carbon budget and might result in millions of vehicles manufacturers can’t sell. This report aims to shed light on these questions. It defines the number of ICE vehicles that could still be sold within a 1.5°C carbon trajectory and projects the auto industry’s ICE sales based on the assessment of four major manufacturers’ plans – Toyota, Volkswagen, Hyundai / Kia and General Motors – and quantifies the overshoot.