|ALC carbon outcome||Furthering research and technology to advance low carbon|
|Geographic scope||United States|
|GHG saved/offset||N/a - research and technology
Information on methodology and/or basis
According to BP's latest Energy Outlook report there could be 350 million electric vehicles (EV) on the road by 2040. We have invested in Lightning Systems, a US-based research and manufacturing company that makes electric powertrains for trucks, vans and buses.
Lightning Systems works with fleets of trucks and buses by either replacing existing diesel or gasoline vehicles entirely with battery electric vehicles or by taking existing vehicle fleets and swapping out their diesel-based or petrol-based powertrains for its own "Zero Emission Vehicle (ZEV)" powertrain. Since the original body remains in use, it's a little like recycling the entire bus or truck. This makes battery electric vehicles available to fleet companies using their preferred, familiar platforms, with readily-available servicing and parts. Lightning System's powertrains provide a reduction in tailpipe emissions helping to prevent carbon dioxide from entering the atmosphere.