Here's a problem you never anticipated: catalytic converter theft. In short your catalytic converter reduces pollution and keeps your car running smoothly. It does this by filtering out the carbon monoxide using a platinum filter.
With plutonium costs skyrocketing, catalytic converter theft is on the rise... Bandits (especially in Europe) sneak up to your car and remove the converter rendering your car a useless eco-hazard. Snap.
This rising trend has pushed Ford to begin adding serial numbers to each catalytic converter. In the UK, you can get a serial number added for around 11 pounds.
Catalytic Converter Theft
Rising Platinum = Rising Problem
Trend Themes
1. Catalytic Converter Replacement Technology - New technology to replace the platinum-based catalytic converter to increase efficiency and eliminate theft.
2. Vehicle Security Technology - Developing new security measures and technology to curb catalytic converter theft on vehicles.
3. Platinum Alternatives Development - Exploring alternative materials to replace platinum in catalytic converters to address the supply and demand issues that fueled theft.
Industry Implications
1. Automotive Industry - Car manufacturers, parts suppliers, and security companies have an opportunity to collaborate and innovate solutions to solve the theft and supply issues.
2. Precious Metals Industry - Investors and industry professionals can explore ways to reduce the dependency on platinum for catalytic converters through technology and alternative materials.
3. Environmental Industry - Environmental organizations can advocate for increased awareness of catalytic converter theft and the environmental impacts it has on communities.