According to new data by Interact Analysis, the market for hydrogen vehicles is dominated by passenger automobiles. 90% of the 18,000 hydrogen-powered automobiles sold in 2021, it was discovered, were passenger cars.
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The green hydrogen race continues as countries learn from the Russian invasion of Ukraine by diversifying energy sources, especially clean ones, and focusing on production costs.
India’s National Green Hydrogen Mission, a $2.4Bn incentive scheme, approved green hydrogen proposals last.
Due to their potential to lessen reliance on fossil fuels and minimize greenhouse gas emissions, hydrogen fuel cell vehicles have been hailed as the future of the automobile industry. Before hydrogen cars, an alternative to conventional gasoline-powered vehicles, can become a reality, however, a number of obstacles must be addressed.
Japan developed a trailblazing national hydrogen plan in 2017 with the goal of creating a “hydrogen society” that is carbon neutral. However, a report from the Renewable Energy Institute criticizes the policy as being “spent on weak ideas” to the tune of 70% of its 10-year budget.
Germany’s first hydrogen-powered trains are changing green transportation.
Telecom providers are struggling now. The Ukraine conflict has interrupted global energy supplies and raised costs. Power also causes global warming. CO2 trading and carbon taxes will raise fossil fuel prices, it appears. Telecommunications companies are also trying to cut carbon emissions. Many have large clean power purchase agreements.
Many believe that Belgium has the potential to become a centre for green hydrogen in Western Europe given its current infrastructure and supportive governmental climate.
A group of four federal agencies published a report on a national framework for decarbonizing the transportation industry.
Rystad Energy research predicts that low-carbon project spending will rise by $60 billion this year, 10% higher than in 2022, driven by wind development but also by increased expenditure for hydrogen and carbon capture, utilization, and storage (CCUS) infrastructure.
