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Volkswagen

Renewables/Energy Transition

Is the small fuel cell electric vehicle going to be a Betamax?

By decarbonising industrial and domestic heating, I am convinced that hydrogen has a significant role towards achieving net zero. However, the role of hydrogen in the passenger car sector is much less clear. I find it difficult to see how a hydrogen powered fuel cell electric vehicle (FCEV) can compete with a battery electric vehicle (BEV). That conclusion was reinforced by two recent reports from BloombergNEF and Volkswagen.

Other News

VW to cut investment plan by £701million

Volkswagen said it has cut £701million from its investment plan for the next year following on from the emissions scandal it has been embroiled in. The company said it would cap spending on property, plant and equipment at around $12.8billion, which is around 8% less than its previous estimate.

Other News

VW’s US chief exec apologises for emissions rigging scandal

Volkswagen’s top US executive has apologised as the emissions-rigging scandal engulfing the world’s largest carmaker deepened and members of Congress said the company violated the public’s trust. “On behalf of our company, my colleagues in Germany and myself, I would like to offer a sincere apology for Volkswagen’s use of a software program that served to defeat the regular emissions testing regime,” Volkswagen of America chief executive Michael Horn told a House subcommittee. Calling the company’s admission “deeply troubling”, Mr Horn said: “We have broken the trust of our customers, dealerships and employees, as well as the public and regulators.”

Other News

Volkswagen poised to name new boss in wake of emissions scandal

Volkswagen is set to name Matthias Mueller as its new chief executive after the company was embroiled in a scandal over an alleged US vehicle emissions test rigging. The head of the Porsche sports car brand has been widely tipped to succeed Martin Winterkorn who stepped down from his role earlier this week. Officials in both Europe and the United States have stepped up their investigations into the scandal.