DJ ALD: Trading update on Q1 2021 results ALD ALD: Trading update on Q1 2021 results 06-May-2021 / 07:30 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer
New law reduces sales tax on hydrogen vehicle purchases in Washington
A bill to promote hydrogen-powered vehicles is now a state law.
“Giving residents more access to purchase greener vehicles is one more way we can work together to lower greenhouse gas impacts across the state,” Gov. Inslee said, as he signed the bill.
Senator Brad Hawkins sponsored the bill, SB 5000, which creates an eight-year statewide pilot project for the reduction of sales tax on purchases of fuel-cell electric vehicles.
“It’s had a long journey through five different committees, but it’s definitely generated a great deal of conversation throughout the process, and hydrogen as an issue has gained a lot of support,” he said.
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The hydrogen aircraft market is estimated to be USD 143 million in 2020 and is projected to grow from USD 1,411 million in 2025 to USD 7,427 million by 2030, at a CAGR of 28.9% from 2025 to 2030.
The aviation industry contributes significantly towards carbon emissions with approximately 2.5% of the global CO2 emissions. Since the massive reduction of air traffic due to COVID-19, industry stakeholders are making efforts in the decarbonization of the aviation industry. This is of concern for governments in the European Union (EU) particularly Germany, UK, and France. Governments of these nations have formulated their own National Hydrogen Strategies with a focus on the decarbonization of transportation and aviation.
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The Sustainable Aviation Fuel Market size is projected to reach USD 2975.36 Mn by 2027, from USD 66 Mn in 2020 growing at a CAGR of 72.3% during 2021-2027.
The sustainable aviation fuel market research report provides an in-depth overview of the industry including market segmentation by fuel type, biofuel manufacturing technology, biofuel blending capacity, platform and geography.
Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings.
Canada: HTEC to add a new hydrogen fueling station in Quebec petrolplaza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petrolplaza.com Daily Mail and Mail on Sunday newspapers.