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Westport's Alternative Fuel Technologies Can Play an Important Role in Meeting the Strengthened European Decarbonization Targets for Heavy-Duty Vehicles
Westport's Alternative Fuel Technologies Can Play an Important Role in Meeting the Strengthened E...
About this update from Westport Fuel Systems, Inc.
[{"type":"text","content":"\n \n \n \n Westport's Alternative Fuel Technologies Can Play an Important Role in Meeting the Strengthened European Decarbonization Targets for Heavy-Duty Vehicles\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n H\n \n 2\n \n HPDI\n \n TM\n \n , our cost-effective, high-performance solution to support climate neutrality in the heavy-duty mobility sector will be able to attain ZEV classification for many truck configurations\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 11, 2024\n \n \n /CNW/ - Westport Fuel Systems Inc. (\"Westport\" or the \"Company\") (TSX: WPRT) (Nasdaq: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, welcomes the recent agreement between European legislators regarding the lowering of CO\n \n 2\n \n emissions in the European Union's (EU) heavy-duty road transport sector. The regulatory agreement sets forth revised corporate CO\n \n 2\n \n emissions reduction targets for new original equipment manufacturers' (OEM) heavy-duty vehicles at 45 percent by 2030, 65 percent by 2035, and 90 percent by 2040 as compared to a 2019 baseline, while ensuring that existing innovative technologies are preserved. These emissions reduction targets maintain a degree of flexibility for OEMs to comply using a portfolio of CO\n \n 2\n \n reduction solutions including low carbon fuels, hydrogen combustion, fuel cell, and battery electric technologies. Zero-emission vehicles (ZEV) are a central element of these CO\n \n 2\n \n regulations, and\n \n Westport's\n \n H\n \n 2\n \n HPDI fuel system solution is compatible with the ZEV threshold of 3gCO\n \n 2\n \n /ton-km.\n \n \n \n \n \n \n \n \n \n \"As a key supplier of hydrogen and other alternative fuel system solutions, we are encouraged by the EU's revised CO\n \n 2\n \n emission standards for heavy-duty vehicles,\" said\n \n Dan Sceli\n \n , Chief Executive Officer of Westport Fuel Systems. \"These new standards reflect ambitious decarbonization targets that can ...