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Renewable-methanol fueled Geely cars in fleet testing in Iceland; 70% reduction in WTW CO2 compared to gasoline

Green Car Congress

million investment in 2015) in Carbon Recycling International ( CRI ), an Icelandic company which produces renewable methanol using recycled CO 2 emissions sourced from a local thermal power plant and hydrogen made by splitting water with electrolysis (Power-to-Methanol). Geely is a shareholder ($45.5-million Earlier post.).

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Electrification gaining momentum in fleet vehicle industry – Charged EVs

Baua Electric

To reduce CO2 emissions, many countries signed the 2015 Paris Agreement on climate, pledging to cut their emissions by certain targets. In recent years, vehicle emission standards have also seen significant advancements, with a marked decrease in CO2 emissions and an increase in fuel economy.

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IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

Green Car Congress

Most major economies should aim to implement fuel economy standards, as part of a comprehensive fuel economy policy package, by 2015, with strong fuel economy improvement targets for 2020 and even out to 2030. Research, development, demonstration and deployment (RDD&D) of advanced fuel economy technologies is still needed.