Manufacturers face rising material costs, sustainability criteria, and energy costs
Rising material costs
Aluminium prices have increased +80% since 2020
→ +€2B/year extra cost for a large OEM
Steel prices have increased by +120% since 2020
→ +€2.5B/year extra cost for a large OEM
Environmental & CO₂ costs
Every 100 kg eliminated from a vehicle leads to ~1,200 kg of CO₂ avoided across the full value chain
At OEM scale: saving 10 kg per vehicle × 1 million units = 12,000 tonnes of CO₂ avoided per year.
International Aluminium Institute (IAI) — Aluminium Carbon Footprint FAQs, 2023 global average data
Rising energy costs
Less weight means less energy consumption
For a electric car, saving 200 kg of weight leads to +40 km extra range
