Pajarito Powder says its proprietary hydrogen fuel-cell catalyst technology reduces reliance on costly platinum, slashing the price of a fuel cell up to 20%.
“We don’t want to disconnect with the middle classes,” Carlos Tavares says. “If we want to stay affordable while building a new electric technology that’s 40% more expensive, then we have to work harder on the cost reduction.”
Bruce Belzowski, director of Automotive Futures, says tough emissions regulations are pushing China and Europe into the lead in the development of BEVs.
Vehicle electrification is no longer a thing of the future: it’s here, and here to stay. Proactive dealers are preparing for the advance in EV sales today.
The automaker intends 70% of its sales in Europe and over 40% in the U.S. to be low-emission vehicles by 2030. All 14 brands in the Stellantis portfolio are in line to offer fully electrified solutions with ranges of 300 to 500 miles.
Under an agreement with Controlled Thermal Resources, lithium will be sourced in part from California from a more environmentally friendly process than traditional lithium production.
Volvo’s road map for technology development for the next 10 years already is marked by its partnerships with technology and automotive players including Google, Luminar, Northvolt and NVIDIA working with its in-house software company, Zenseact.
Automakers have been waiting in the wings while tech companies develop potential electric vehicle batteries. Now they’re placing their bets on which will emerge as the battery of the future, with three serious contenders.