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Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

Green Car Congress

These positives have led to significant investment by car manufacturers, including Hyundai, Toyota and BMW. The report identified the nascent development stage of many commercial vehicle types and the high average cost of hydrogen-powered commercial vehicles—more than $70,000 globally in 2022—as key factors limiting adoption.

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Driving Dystopia: Industry Revisiting Vehicle Subscription Services

The Truth About Cars

Despite numerous vehicle subscription services having gone under in recent years, the industry does not seem ready to throw in the towel. If the average American (and European) can no longer afford to buy a new vehicle, perhaps they could just rent them indefinitely. They’re not broadly popular.

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Tesla seeking 56% cut in $/kWh, $25K EV in three years through manufacturing and design innovations

Green Car Congress

Elon Musk used Tesla’s much-anticipated Battery Day presentation not to disclose some super cell, but to outline an aggressive, comprehensive and radically innovative approach to battery design, manufacturing and vehicle integration that he projected will result in a 56% reduction in cost/kWh and a $25,000 electric vehicle in about three years.

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DOE Clean Energy Smart Manufacturing Innovation Institute awards ~$10M to 10 projects

Green Car Congress

The US Department of Energy’s (DOE’s) Clean Energy Smart Manufacturing Innovation Institute ( CESMII ) will award nearly $10 million for ten projects to help advance its goals and enable US manufacturers to develop and implement innovations that will advance U.S. manufacturing competitiveness, sustainability, and innovation.

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

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CATL and BYD target 50% battery price cut this year to make EVs affordable – ET Auto

Baua Electric

New Delhi: CATL and BYD are set to halve battery prices in 2024, with CATL focusing on optimizing production resources to achieve cost reductions, a website focused on coverage of the new energy vehicle industry in China has reported. fast charging capabilities at an average cost of 0.4 per Wh, equivalent to USD 56.47

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GM and Honda to establish industry-first $85M joint fuel cell system manufacturing operation in Michigan

Green Car Congress

General Motors and Honda are establishing the auto industry’s first manufacturing joint venture—Fuel Cell System Manufacturing, LLC, FCSM)—to mass-produce an advanced hydrogen fuel cell system that will be used in future products from each company. Earlier post.). Earlier post.)

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