India is set to launch a carbon capture policy that it says will allow it to keep exploiting its vast coal resources and deal with its growing emissions, according to to a top government energy adviser.
Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.
BYD extended its lead over Volkswagen as China’s top-selling carmaker, with its wide range of electric vehicles proving hugely popular among local buyers.
Japan was one of the first countries in the world to formulate a national hydrogen strategy, pledging back in 2017 to innovate production, transport and storage technologies related to the cleaner fuel, which when burned, produces only water.
France’s Renault has formally signed a joint-venture agreement with China’s Geely to set up a new combustion engine and hybrid powertrain company, while Saudi Aramco is still mulling an investment.
Electric-vehicle sales are poised to more than double by 2026 but eliminating emissions from road transportation by the middle of this century will require even greater efforts, according to BloombergNEF.
Toyota and Hyundai have put their weight behind hydrogen fuel-cell vehicles in the push to reach net zero emissions, but dismal sales in 2022 suggest customers remain extremely wary.