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

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

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

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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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EV prices skyrocketed in November, highlighting affordability issue

Teslarati

In the words of the report, EV prices were “well above the industry average and [aligned] more with luxury prices versus mainstream prices.” At the same time, many manufacturers have battled near-constant supply chain issues; computer chips are in short supply, while the cost of lithium has gone through the roof.

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Electric Vehicle Battery Replacement Cost in India: Examining Affordability and Long-Term Viability

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The majority of battery manufacturers provide a battery pack warranty of five to eight years. Current Battery Replacement Landscape At present, the cost of replacing an electric vehicle battery in India can be relatively high, depending on the make and model of the vehicle.

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Is the Depreciation Cost of Electric Vehicles the Same as Conventional Vehicles?

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  In this, we will explore whether the depreciation cost of EVs is the same as that of conventional vehicles and the basics of the factors involved in depreciation for any type of vehicle. For instance, a car with a residual value (RV) of 40% would have lost 60% of its worth in three years or 36,000 miles (Industry standard).

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