Remove Cheap Remove Cost Of Remove Economy Remove Global
article thumbnail

Cemvita demonstrates “gold hydrogen” production in situ, sets up subsidiary

Green Car Congress

According to recent studies, the global green hydrogen market size was valued at US$0.3 According to a report from S&P Global Commodity Insights, the cost of electrolytic hydrogen from renewable energy spiked as high as $16.80/kg billion in 2020. It is growing at a CAGR of 54.7% from 2021 to 2028 and is projected to reach US$9.8

Hydrogen 482
article thumbnail

BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

Green Car Congress

The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil-fuel-dependent sectors of the economy, such as steel, heavy-duty vehicles, shipping and cement, according to a new report from BloombergNEF (BNEF). Summary of the economics of a hydrogen economy.

Hydrogen 221
article thumbnail

IDTechEx: Sales of electric motorcycles in Europe grew 50% y-o-y in 2020

Green Car Congress

Besides the low cost of ownership, electric motorcycles improve the riding experience, taking away the noise, fumes, vibration, shifting, and clutching from the user experience, alongside the environmental benefits of low emissions. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data. Source: ACEM, IDTechEx.

article thumbnail

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

Green Car Congress

The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases. Today’s new plants are tomorrow’s retrofits.

Hydrogen 221
article thumbnail

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. Total environmental cost 2010 vs growth in environmental cost since 2002 vs environmental intensity improvement. Source: KPMG. Click to enlarge.

article thumbnail

ADB draft report says 3B Asians could become affluent by 2050; significant challenges

Green Car Congress

The draft report says that as the global economy’s center of gravity shifts toward Asia, the region could account for about half of global output in 2050, up from the current 27%, as well as half of global trade and investment. If these events occur, Asia would account for only 32%, or $61 trillion, of global GDP in 2050.

Asia 186
article thumbnail

LIVE BLOG: 2023 Tesla Investor Day

Teslarati

This means that the total cost of ownership of the next-generation platform would also be lower than the company’s current vehicles today. 17:56 CST – Kirkhorn notes that cost reductions come from everywhere. He states that Tesla reduced the cost of the Model 3 by 30% since 2018 as of 2022. Almost 60% are based in the US.

Tesla 138