In an article by Penton-owned Auto-industry news and data service WardsAuto, Executive Director of the EU PPI Fuel Cells and Hydrogen Joint Technology Initiative; Bert De Colvenaer is quoted as saying “there is no market for this technology”.
It’s an interesting statement to make at a time when three major manufacturers (Hyundai, Mercedes and Toyota) have announced they will be launching fuel cell vehicles in 2 years time.
Clearly there is not going to be a market for a technology which is still prohibitively expensive, and requires a refuelling infrastructure that doesn’t yet exist, but I think the point that Bert De Colvenaer is making, is that 2015 is the earliest that the market may exist, and as such there is likely to be a blend of technologies before any one dominates, if indeed any one technology does become dominant.
The EU are investing €1.4bn in to the technology through the Public/Private initiative, with a view to making the technology cheaper and to support and generate a demand and a market for the technology – they recognise that Hydrogen has a part to play in the move to cleaner vehicles and a reduction in emissions and pollutants.
While the likes of Hyundai, Mercedes and (more…)
In a press release on the Europa.eu website, the European Union have announced the approval of a €20.5 million grant to Renault for the development of diesel hybrid commercial vehicles.
Renault applied for the funding through the French Government National Loan programme in 2012, to support their HYDIVU project: to develop a diesel hybrid drivetrain for a low carbon vehicle based on the Trafic and Master range of commercial vans. The project was accepted by the French Government in 2012 and has since been approved by the EU.
Renault will carry out the HYDIVU project in collaboration with three other companies (Continental, Valeo and LMS International) and a research body (IFPEN).
The approval has been granted despite concerns that it presents an unfair market advantage to Renault – The EU considered that drive trains for vehicles of this type were not being developed by other manufacturers or by Renault, and would not be without funding of this type.
In the words of the EU, there was a “genuine market failure” and it is “both necessary and sufficient to spur Renault to carry out an R&D project that it would not otherwise have launched of its own volition”
To explain: commercial (more…)