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The expansion of the use of renewable energy in the transportation industry is made possible by electric vehicles. Electric mobility also generates considerable efficiency savings and might become a significant source of storage for fluctuating renewable power sources, in addition to the advantages of this change, such as a decrease in CO2 emissions and air pollution.
Electric vehicles (EVs) are energy-intensive technologies that increase the demand for power that can be generated from renewable sources. Opportunities to connect the renewable energy and low-carbon transportation industries are presented by electric automobiles.
The Austria Electric Truck Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
The first Volta Zero vehicles will be produced in Steyr, Austria, by Steyr Automotive, previously MAN Truck and Bus Austria, according to Volta Trucks, the company that produces fully electric commercial vehicles and offers related services. The news comes after a thorough and competitive tendering procedure with potential suppliers all around Europe.
Steyr Automotive was chosen as the manufacturer because of its vast expertise in the production of commercial vehicles, its established manufacturing infrastructure, and its resultant rapid time to market.
The company’s intended market expansion across Europe, followed by North American and Asian markets, was affirmed by the Road-to-Zero Emissions strategy as well. It is already being considered to build more production facilities abroad.
Hyundai Motor of South Korea wants to test the practicality of hydrogen-powered heavy goods transport by delivering a new line of fuel-cell trucks to Europe later this year, upping the ante on competitors. In Europe, a new class of the Xcient Hyundai truck is slated to debut with longer-lasting, more effective fuel cells.
Since, the most advanced hydrogen truck rental programme in the world, HHM, a joint venture between Hyundai and the Swiss hydrogen company H2 Energy, has been renting out “green” hydrogen vehicles to business clients in Europe.
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