19 May Hyliion Joins World Economic Forum’s Road Freight Zero Coalition to Drive Global Decarbonization
Hyliion announced today that it has become a member of the World Economic Forum and will join the Road Freight Zero coalition, an initiative that engages industry leaders around the world to accelerate the global transition to a zero-emission transportation future.
The World Economic Forum’s Annual Meeting will take place in Davos, Switzerland next week, where Hyliion will be co-hosting “The Transition to Sustainable Road Freight” affiliate session with Hypertruck Innovation Council member Agility. The panel will feature Thomas Healy, founder and CEO of Hyliion, along with other global industry leaders as they discuss decarbonization challenges and the practical and scalable solutions that can accelerate sustainability-focused technologies.
In 2020 there were 27 million heavy-duty trucks on the road worldwide, emitting 1,183 metric tons of carbon dioxide—41% of total global road freight greenhouse gas emissions. And with 95% of the world’s transportation energy coming from petroleum-based fuels like diesel, the need for innovative technology that utilizes alternative fuels has never been more evident.
“Through their Road Freight Zero effort, the World Economic Forum engages a wide array of forward-thinking leaders in working toward global decarbonization, and we are pleased to be able to bring our perspective to the table. Hyliion was founded with a vision for a net-carbon-negative commercial transportation industry, and we have a singular focus on developing solutions that can reduce the carbon emissions of heavy-duty trucks. I look forward to adding to the conversation around technology advancements and alternative fuels on such an elevated platform,” said Thomas Healy.
Along with other like-minded stakeholders, Hyliion seeks to further the discussion surrounding the transportation industry’s massive carbon footprint and the advancements in technology, infrastructure and policy needed to achieve Road Freight Zero’s ambitious zero emission goals.