Tesla to Benefit from IPCC Climate Change Recommendations

IPCC report recommends faster electric vehicle adoption; Morningstar analysts’ above-consensus electric vehicle adoption thesis is intact

Morningstar Equity Analysts 9 October, 2018 | 12:14PM

Tesla model S electric vehicle US equities climate change

On October 8, the Intergovernmental Panel on Climate Change released a report that calls for faster electric vehicle and hybrid adoption as part of the actions needed to limit the effects of climate change. The report calls for emissions to be reduced 45% versus 2010 levels by 2030.

The report will be a key topic at the Katowice Climate Change Conference in December, where governments from around the world will review the Paris agreement. We think the report's conclusions could lead to governments setting stricter regulations and investing in electric vehicle charging infrastructure that would result in increased electric vehicle adoption.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Tesla Inc516.24 USD7.55

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Morningstar Equity Analysts  Morningstar stock and fund analysts cover 2,000 mutual funds, 2,100 equities, and 300 exchange-traded funds.

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