Their “long game” is the CEO has invested billions into hydrogen fuel cells and can’t afford to admit he made a mistake.
They lost the EV game so hard they made an ammonia engine
Cars are the cigarettes of the transportation world and EVs are big oil’s new “light” or “low tar” option.
That’s funny because I’d rather spend my credits on something other than a Toyota.
Toyota has invested heavily into hydrogen, and so are against electrification
Hydrogen would be cleaner in the long run, too, wouldn’t it? Since you wouldn’t need to mine lithium for batteries and such.
It wouldn’t. Hydrogen production from any source is extremely power intense. Especially so from water. The amount of energy wasted on hydrogen production is easily offset by battery production and recycling. And that’s not even accounting for hydrogen tank production, which is another hell hole.
There are plenty of places with abundant green energy, and abundant water. As for the tank yea, but idk if it’s worse than lithium
Yes but where is the hydrogen coming from? Also hydrogen cars are less efficient than battery powered EVs.
Water, I think? I think the hydrogen is less of an issue than the hydrogen fuel cell though.
Only 10 more years to go!
Can someone explain what “credits” are like I’m 5? I read the article, but still don’t understand it.
Edit: Is it carbon credit subsidies from the gub’ment?
Essentially companies that pollute over certain threshold pay money (buy carbon credits) that then goes into non-profits compensating for those emissions by saving the environment, like planting trees and such.
The system is widely criticized for being very flawed and allowing all sorts of shenanigans and manipilations, as those “carbon credits” are sold at competitive pricing, fostering projects with questionable calculations.
In this case, the US governance sets a target efficiency for vehicles (miles per gallon here in the US) and if a pant does not meet that overall efficiency, they have to pay. EVs are a bit odd because they have a miles per gallon equivalency. So if it is expected for them to have 50% by 2030 (50% cars at 100 MPGe and 50% at like 45 MPG(e)) but they out have 30%,they will have to pay a large fine. They are saying they are okay with that rather than ramp up EV production more quickly.
