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Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal

Teslarati

Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. LucidMotors announces deal with Government of Saudi Arabia for purchase of up to 100,000 vehicles over a ten-year period.

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Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. billion in aggregate over the next 15 years to build the facility in Saudi Arabia, it said. Lucid Group will receive up to $3.4

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Lucid Motors announces first international plant in Saudi Arabia

Teslarati

Lucid announced that its first international plant will be located in Saudi Arabia. The Arizona-based EV manufacturer estimates that its plant in Saudi Arabia could increase Lucid’s value by up to $3.4 Lucid chose KAEC as the location of its international plant in Saudi Arabia. Credit: Lucid Motors).

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Baker Institute team says fossil fuel subsidies need global reform

Green Car Congress

“There is evidence that fossil fuel subsidies are socially inequitable, that they encourage smuggling and waste, and distort economies in ways that undermine economic efficiency while harming the environment and the climate,” wrote Jim Krane, the Wallace S. Costs ranged from a low of 0.3% Subsidies remained sticky outside the G20 as well.

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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7 companies launch Green Hydrogen Catapult to increase green H2 production 50-fold over next 6 years

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Concurrently, the Saudi Arabia-based company is announced its commitment to the Business Ambition for 1.5 In this way, the initiative is a key element of the private sector climate action strategy being pursued by UN High-Level Champions for Global Climate Action Nigel Topping and Gonzalo Muñoz through their “Race to Zero” campaign.

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Air Products announces multi-billion dollar net-zero blue hydrogen energy complex in Edmonton, Alberta

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This development is consistent with Air Products’ growth strategy of executing global megaprojects that enable a transition to a cleaner, more sustainable energy future. The project relies on an innovative combination of well-established technologies. blue hydrogen).

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