Contact

New focus on commercial vehicles

By

May 6, 2019

Image titel:

Sources:

New focus on commercial vehicles

7-Eleven truck equipped with Toyota fuel cell system.
7-Eleven truck equipped with Toyota fuel cell system, © Toyota

Now that electrification has gained a foothold in the passenger car market, it is starting to have an impact on commercial vehicles as well. While electric trucks and buses have, for a long time, been studied and tested as part of research and demonstration projects around the globe, more and more politicians and environmental associations have begun to explore the potential that this, not so small, sector has for curbing emissions. Not unlike the market for passenger cars, the one for commercial vehicles may soon find itself on the brink of a revolution.


Not unlike the market for passenger cars, the one for commercial vehicles may soon find itself on the brink of a revolution. Some seemed caught off guard when discovering in mid-February that the heavy-duty truck industry had been unscathed by the past months, despite one debate about climate change, pollution or diesel fuel following the next. And this although a recent report stated that trucks produced around 5 percent of carbon dioxide and 27 percent of all other emissions from vehicles in Germany. True, it may not sound like much. But semitrucks use around 30 liters of diesel to go as little as 62 miles (100 kilometers).

Advertisements

So far, no EU-wide rules have forced automakers to lower carbon dioxide emissions from trucks and buses. This situation is about to change, however, following the European Parliament’s November 2018 vote in Strasbourg to set an emissions reduction target of 35 percent. They did so despite a letter penned by automakers, most of them German ones, such as Daimler and MAN, warning the commission that pursuing the 35 percent aim could have a severe impact on the continent’s commercial vehicle industry. They were willing to agree to a maximum of 7 percent by 2025 and 16 percent by 2030. Bernhard Mattes, the president of auto industry association VDA, said at the time that “the threat of an excessive fine, EUR 5,000 for one gram above the limit, could even drive a few manufacturers out of business.”

As per the EU Commission’s plans, new vehicles sold in 2025 or later must emit 15 percent less carbon dioxide than they do today. In 2030, the percentage is to climb to 30 percent. Overall, GHG emissions must drop by 40 percent or more by 2030, according to Margaritis Schinas, the commission’s chief spokesman. Businesses that exceed the limits will incur hefty fines of up to EUR 4,000 a gram starting in 2025 and EUR 6,800 in 2030.

read more in H2-international April 2019

Written by Sven Geitmann

Kategorien: Europe | Germany

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

Apr 18 2024

Plug Power – Price jumps with many questions

The Plug share price fell quickly to under 3 USD (2.50 USD at low) and then rose again to over...
Apr 17 2024

Siemens Energy – Light at the end of the tunnel

Siemens Energy is on the right track, as the latest figures show. Although the wind subsidiary...
Apr 17 2024

Nikola Motors – Outlook speaks for the company

The press conference in February 2024 on the fourth quarter results and the entire year 2023 and,...
Apr 17 2024

Hyzon Motors – Strong patent position

Hyzon Motors will start production of 200‑kW modules for commercial vehicles in the USA in the...
Apr 17 2024

FuelCell Energy – Carbon capture as a growth story?

FuelCell Energy has with SOFC fuel cell power plants built its own capacities for clean energy...
Apr 16 2024

Hydrogen economy gaining speed

Trade fair guide for Hannover Messe 2024 AI and hydrogen are the focus of this year's Hannover...
Apr 16 2024

Politicians with an open ear for hydrogen

Optimism at the H2 Forum in Berlin A good 450 participants gathered at the specialist conference...
Apr 16 2024

Gas producers are the winners of the H2 ramp-up

The major international gas companies such as Linde, Air Liquide and Air Products have always been...
Apr 15 2024

Cummins Engine – Emissions scandal ended by payment

The share of Cummins Engine brings joy: The share price rose to a new high for the year, after the...
Apr 15 2024

Ceres Power with strong partners

The main shareholders Bosch and Weichai are already counting on the English Ceres Power and their...
Apr 15 2024

Group rotation will drive hydrogen forward

Sven Jösting’s stock analysis #Shares from the crypto universe and from many technology companies...
Apr 15 2024

Wissing releases former NOW chief from duties

Background to the Bonhoff/BMDV split Things had quietened down on the Bonhoff front. But then new...
Apr 11 2024

Bloom Energy convincing in the long haul

Bloom Energy is planning a cooperation with Shell to use its SOEC technology for the large-scale...
Apr 11 2024

Ballard – Prospects better than current market valuation

The share price of Ballard Power is at an all-time low. The published figures for the fourth...
Mar 18 2024

Search for the ideal hydrogen storage

Interview with Thomas Korn, CEO of water stuff & sun Startup company water stuff & sun has...
Mar 15 2024

Is exponential growth slowing down?

Fuel Cell Industry Review 2022 Year 2022 saw fuel cell shipments creep up over 2021 numbers,...
Mar 11 2024

On the way to becoming a green hydrogen partner

Oman aims to score points with H2 infrastructure Wind, sun and loads of expertise – these...
Mar 07 2024

We can master a scale-up for green hydrogen

Interview with Dr. Kai Fischer, Director at RWTH Aachen The efficient scaling of green hydrogen...
Mar 07 2024

Frustration over continuing uncertainties

Interview with Jorgo Chatzimarkakis, CEO of Hydrogen Europe There is a lot that needs sorting out...
Mar 05 2024

“If ever there was momentum for hydrogen, it is now”

Interview with Dr. Jochen Köckler, chairman of Deutsche Messe “We’re bringing people together.”...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *