Tata-Owned Jaguar to Test out Hydrogen Fuel Cell Car - InvestingChannel

Tata-Owned Jaguar to Test out Hydrogen Fuel Cell Car

Tata Motors (NYSE:TTM) reports that its Jaguar Land Rover division was working on the prototype of a hydrogen fuel cell electric vehicle, with testing of the concept slated to start later this year.

The vehicle will be based on the new version of the company’s Land Rover Defender, and is part of JLR’s broader attempt to meet a target of zero tailpipe emissions by the year 2036. Testing of the vehicle will focus on areas such as fuel consumption and off-road capabilities.

In an announcement, the company described fuel cell electric vehicles as being “complimentary to battery electric vehicles … on the journey to net zero vehicle emissions.”

The U.K., for instance, plans to stop the sale of new diesel and gasoline vehicles from 2030. From the year 2035, all new cars and vans will need to have zero tailpipe emissions.

Companies such as JLR are, slowly but surely, attempting to adapt to this new reality. Earlier this year, the firm announced its Jaguar brand would go all-electric from the year 2025. The business also said its Land Rover segment would roll out six “pure electric variants” over the next five years.

Described by the International Energy Agency as a “versatile energy carrier,” hydrogen has a diverse range of applications and can be deployed in sectors such as industry and transport.

TTM shares dropped 25 cents, or 1%, to $23.73.

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