The use of green tires can reduce the carbon footprint and increase fuel efficiency. Green tire technology is already available to make green tires. The main disadvantage of hybrid and electric vehicles is the lack of knowledge about the new technologies. In addition to the high-level benefits of hybrid and electric vehicles, these vehicles are also better for the environment.
Its
advantages over conventional tires are mainly fuel efficiency and reduced
rolling resistance. It is also more expensive, but it's a good alternative
to conventional tires. They are environmentally friendly and help improve
vehicle performance. These tires are more durable and offer increased comfort.
They are also more fuel-efficient.
The
Automotive Green
Tires Market report highlights an all-inclusive assessment of
the revenue generated by the various segments across different regions for the
forecast period, 2022 to 2029.
In
January 2022, Goodyear Tire & Rubber Company, a major green tire
manufacturing firm in the U.S., introduced new tires with a 70%
sustainable-material composition prepared from 13 different ingredients, such
as plant-based oil and methane. This new material eliminates the need for
petroleum-based products like carbon black, which are traditionally created by
burning petroleum. In a new project, Goodyear has developed carbon blacks from
carbon dioxide, methane, and plant oil, reducing its dependence on petroleum.
Today,
approximately 85% of the world's energy comes
from fossil fuels. Petroleum-powered transportation accounts for 25% of
man-made atmospheric carbon dioxide, contributing to global warming. Some
politicians are pushing pseudoscientific environmental policies to increase
their political support. These government initiatives will have a significant
impact on green tires. If tire manufacturers fail to adapt to these pressures,
they may become unsustainable and even unprofitable.