Water for Automotive: Market Disruption to Reshape Industry Outlook
The automotive sector is undergoing a significant transformation shaped by a confluence of disruptive events. COVID-related quarantines and subsequent declines in vehicle miles traveled, automotive technology shifts (e.g., electric vehicles), and distributed transportation services (e.g., Uber) have shocked the transportation sector. This disruption has taken place amidst the more chronic challenge created by climate change, which underlies longer-term policies incentivizing shifts away from fossil fuels, globally.
As the auto industry transitions over the next decade to alternative-fueled vehicles, including electric, hydrogen, and hybrids, greenfield development of new facilities (e.g., Tesla Gigafactories) in new geographies (e.g., Texas, India) is expected to influence operational risks to water.
In this Market Insight:
- Water for the automotive market landscape
- Industry water sustainability targets
- Auto industry company profiles