At the end-of-century thermometer will climb even further to 3.2 C, according to Climate Action Tracker. "This is largely due to the fact that the US is walking away from its 2030 target, and long-term 2050 goals.
The Oil and Gas Climate Initiative said it was putting money into Achates Power, a U.S. company that promotes a high-efficiency combustion engine it says increases fuel efficiency while reducing greenhouse gasses.
Electric vehicles could be cheaper than our current batch of cars as soon as 2025, and more than half of all new cars sold will be plug-in models by 2040. But are carmakers and auto suppliers truly ready for this monumental transformation?