So I just read the transcript. The Pirelli thing is nothing but hot air. The CARD thing is nearly nothing. Truckers will buy new trucks rather than retrofit. I am confused by the Honda thing.
Why would Honda want to use a rare earth metal catalytic converter as opposed to a PGM converter? Aren't rare earths more expensive than PGMs now? I don't get it. Is the technology somehow superior in that even using more expensive rare earths that the cost is lower than using PGMs?
Honda did say this though: In a press release issued by Honda Motor Co., Ltd., on September 6, titled, "Honda Develops New Catalyst to Significantly Reduce Use of Precious Metals - 50% Reduction in Use of Rhodium," Honda stated, "The adoption of this new catalyst will reduce overall use of precious metals by 22% (including a 50% reduction in rhodium) compared to the current model of Accord. Moreover, the development of the new catalyst has reduced the cost by 37% while complying with the California state standards in SULEV category of the LEV II regulation, which is one of the strictest emissions regulations in the world."