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Norway: 64% of New Passenger Cars Sold in July 2021 were Zero Emission

From Leon Kaye of Triple Pundit Norway has long been a global leader in the adoption of electric vehicles (EVs), but even this summer, the country made a breathtaking leap. Almost two-thirds of newly bought and registered automobiles that Norwegians purchased in July were zero-emission cars, according to the country's Road Traffic Information Council. Leading the pack in raw numbers was the Ford Mustang Mach-E (shown below), followed by the Skoda Enyaq, Toyota’s RAV4 (which sells a plug-in hybrid model in Norway) and the Volkswagen ID.4. Tesla’s Model 3 has been the best-selling car in Norway in 2021, to the point that it sold out in June, during which it boasted a 15 percent market share. And all this has been underway despite disruptions in global supply chains and the shortage of microchips. In July, the Mustang Mach E was the top selling model of all cars, including EVs (Image credit: Ford Europe)   Photo by Hendrik Morkel on Unsplash See the full a…
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Will the Green Growth Strategy Lead to Promising Business Opportunities? Exploring the Future Five Years from Now

The COVID-19 pandemic has brought about great changes in our society and business environment. To grasp the nature of the social transformation arising from this ongoing event, since May 2020 Nikkei BP has been conducting a series of surveys of Japanese businesspeople (more than 11,000 in total). The results unveil major alterations in their mindsets. Following the Japanese government's declaration on realizing "Carbon Neutrality by 2050" in October 2020, the Ministry of Economy, Trade and Industry (METI) took the lead in formulating the "Green Growth Strategy through Achieving Carbon Neutrality in 2050," which was unveiled in December of the same year. The Ministry positions this strategy as "an industrial policy to lead the challenging goal of achieving carbon neutrality by 2050, a vision that is upheld by the Suga administration and aims toward a positive cycle of economic growth and the environmental protection." The strategy emphasizes 14 sectors as priority fields (Fig…
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Nikola Positioned to Accelerate Hydrogen Economy

Competitive electricity price paves the way for hydrogen production in Arizona Nikola Corporation (NASDAQ: NKLA) has secured an innovative electric rate schedule with Arizona Public Service Company (“APS”) that makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry. Nikola is a company dedicated to the advancement of innovative zero-emissions truck solutions and the energy infrastructure required to make this feasible. By facilitating low-cost production of hydrogen, the Arizona Corporation Commission’s (“ACC”) approval of this rate schedule paves the way for the curtailment of greenhouse gases in the transportation sector, while also providing benefits to key constituents via novel grid-balancing solutions. Today’s unanimous approval of this agreement by the ACC provides Nikola with a competitive electric rate specifically designed for the production, processing, and dispensing of hydrogen. This will support, among ot…
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