The journey to zero emission
The current energy crisis is affecting not only millions of households around the world, but also thousands of companies. This is an issue that must be solved in the most efficient way possible. When we talk about current energy problems, we must take into account the cost of raw materials used to produce energy, from gas (NYMEX: NGZ22), which is used to produce electricity, to fuels, which are derived from oil (NYMEX: QMF23) and are used in the vast majority of means of transportation.
Mobility is a very important factor not only for people who want to have cars that are modern and economical, but sustainability is also being prioritized; and this is an area that companies are starting to emphasize. What began as a seemingly unknown trend with electric cars, driven by Tesla Inc (NASDAQ: TSLA) led us to where we are today, mass production of electric cars, and the competition is only increasing. Tesla has to face different competitors in that sector, such as Rivian Automotive Inc (NASDAQ: RIVN) or even traditional brands like Bayerische Motoren Werke AG (BATS EU: BMW) that opt for green solutions, such as hydrogen batteries.
The implementation of electric cars was just the first step, for the zero emission program, targeting 2050, as technological innovations have a long way to go, and Tesla Inc (NASDAQ: TSLA) knows how to lead this journey. The question to solve would be, if we already have electric cars, why not implement them for long distance travel?
This is a question that was key to the birth of the Tesla Semi Truck, an all-electric truck ready to travel 500 miles on a single charge. This could be a paradigm shift for logistics companies trying to lower their costs, using this type of truck. Elon Musk confirmed that the first units of the “Semi” will be available from December this year, and PepsiCo Inc (NASDAQ: PEP) will be the first to have them, with a plan that contemplates adding 100 units to its fleet. On another hand, United Parcel Service Inc (NYSE: UPS) y Wal-mart Stores Inc (NYSE: WMT) have also pre-ordered Tesla’s electric trucks to add to their fleets aiming to increase their operational efficiency given the cheaper cost per mile to operate in comparison to traditional diesel trucks.
But Tesla is not alone in working on efficient and sustainable mobility solutions; companies like Plug Power Inc (NASDAQ: PLUG) are also developing sustainable mobility innovations. And from a different angle, they are focusing on hydrogen batteries, something that no doubt in the future can be a valid answer, since hydrogen is the most abundant element on our planet, but it must be worked out in a way that is cost-effective.
Plug Power Inc (NASDAQ: PLUG) is growing exponentially and it is not doing it alone; large companies are paying attention to hydrogen and are beginning to realize how they could benefit from this technological innovation. Plug Power Inc (NASDAQ: PLUG) partnerships are only growing and putting into perspective that not only are car manufacturers like Bayerische Motoren Werke AG (BATS EU: BMW) are important in sustainable mobility, but we also see how The Home Depot Inc (NYSE: HD) has implemented hydrogen battery charging in one of its largest distribution centers, making the delivery of sold products more environmentally friendly.
The road to zero emissions is a long one, and to travel it in the best way, innovations must continue to flourish. As we move towards a zero-emission future, companies are beginning to adapt to these new technologies, which, in addition to reducing logistical costs, it’s paving the road to a more environmentally friendly planet where green transportation is vital.