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Recognizing the direction of flow and going with it is certainly a good survival tactic, particularly with respect to diesel engines.
So the move by European truck makers to tackle the challenge of a continent-wide commitment to decarburization should be seen as a refreshing attempt to mold the narrative and future landscape rather than refusing to acknowledge the direction of travel.
Diesel engines, electric vehicles and lower emissions
The European Union has plans to reduce CO2 emissions by 50% by the end of the decade.
Transport will play a big part in that.
Automotive car manufacturers, driven by challenging targets, have and continue to invest billions to develop viable electric vehicles. In some cases, they are also exploring alternatives such as fuel cells.
Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner
U.S. Steel announced it will offer a new sustainable steel product line called verdeX™; meanwhile,
Intel will invest $20 billion toward two new factories to serve the “incredible global demand for semiconductor manufacturing”; and, lastly,
Century Aluminum announced a power contract in South Carolina for its Mt. Holly aluminum smelter.
Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs?
U.S. Steel unveils new sustainable steel
No matter the sector, sustainability is a concept that continues to gain traction and not just from environmentally conscious individual consumers.
Truckmakers To Kill The Combustion Engine In Europe By 2040 ++ Different technologies will be used for the different stages of heavy-duty transportation.
September marked the first time in history when hybrid, plug-in, and fully electric cars combined outsold diesels in Europe. There’s little doubt this trend will expand even further in the coming months and years, as the Old continent is preparing for zero-emission mobility by the middle of the century. Some of the world’s largest truckmakers have also just agreed the sector will go CO2-free relatively soon.
Daimler, Scania, Man, Volvo, Daf, Iveco, and Ford have signed a pledge to stop selling vehicles with internal combustion engines by 2040, a full decade earlier than initially planned. The industry aims to spend between €50bn and €100bn ($61bn-$122 bn) on developing hydrogen, battery, and clean fuel technologies.