India govt likely to slash FAME 2 subsidy

The government of India is likely to reduce the subsidy offered on electric vehicles under the FAME 2 scheme. According to media reports, the Ministry of Heavy Industries has proposed a new formula to calculate the subsidy for EVs, which could see the existing subsidy of Rs 15,000 per kW reduced to Rs 10,000 per

Japanese manufacturers to co-develop hydrogen engines

Kawasaki Motors Ltd., Suzuki Motor Corporation, Honda Motor Co. and Yamaha Motor Co. have made a major announcement regarding the development of hydrogen-powered engines for small mobility. Japan’s Ministry of Economic Trade and Industry (METI) has approved the four manufacturers to set up a joint technological research association to co-develop hydrogen-powered engines for ‘small mobility’.

Komatsu develops hydrogen fuel cell excavator

Komatsu has developed a concept machine for a medium-sized hydraulic excavator that combines a hydrogen fuel cell and Komatsu-developed key components. By advancing the PoC (Proof of Concept) tests it started in May 2023, Komatsu says it will accelerate its efforts to embark on the commercial production of medium-sized and large construction equipment powered by

Toyota working with carbon-neutral fuels

Toyota has announced that it is now tinkering with carbon-neutral fuels and hydrogen internal combustion engines (ICEs) in motorsport as a case study. At a recent roundtable media event, Toyota divulged its multi-pathway approach to reducing its carbon footprint. This New Global and Regional Direction is summarized by a few key points, the first of

Future job creation will come from green investments

The Future of Jobs Report 2023, by the World Economic Forum, did strike a warning note saying that 26 million jobs will be wiped out globally by 2027. However, a macrotrend listed in the report deserves attention. According to the report, businesses expect that the greatest net job creation impact will come from investments that

EU agrees to promote sustainable fuels in shipping

European Parliament (EP), the Council of the European Union, and the European Commission (EC) have reached an agreement on the FuelEU Maritime regulation, with the objective to increase the share of renewable and low-carbon fuels in the fuel mix of maritime transport in the EU. In particular, from 2025, for ships trading in the EU/EEA,

EU to crack down on fuel imports from India

Josep Borrell, the European Union’s foreign policy chief, has said that the bloc will act against the importation of Indian petroleum products that use Russian oil, in rare explicit criticism of India’s role in helping Russia evade Western sanctions amid the war in Ukraine. India has emerged in the past year as a top buyer

Fujairah bunker sales rebound in April

Sales of marine fuel, also known as bunker fuel, recovered in April at the UAE’s Fujairah after hitting record lows in March, latest Fujairah Oil Industry Zone [FOIZ] data showed. Bunker sales at Fujairah provide a gauge of shipping market sentiment in the middle east, as Fujairah is the world’s third-largest bunkering port and a

India cuts windfall tax to zero

India cut windfall tax on petroleum crude to zero from Rs 4,100 per tonne with effect from May 16. The windfall tax on petrol, diesel and aviation turbine fuel (ATF) was left unchanged at zero. In early May, the govt had slashed windfall tax on domestically produced crude oil to ₹4,100 per tonne from ₹6,400

Honda to develop and supply fuel cell systems for Isuzu

Isuzu Motors and Honda Motor Co announced that they have signed a partnership agreement based on the decision to have Honda develop and supply the fuel cell system for the fuel cell-powered heavy-duty truck Isuzu is planning to introduce to market in 2027. Isuzu and Honda believe that fuel cell technology, utilising hydrogen as fuel