Contact

Hydrogen vehicles: Trends and outlook

By

June 15, 2020

Image titel:

Sources:

Hydrogen vehicles: Trends and outlook

Hyundai Truck
Trucks could benefit from fuel cell engines, © H2 Energy

This March, the German gas and water industries association DVGW published the findings of a study called “Hydrogen electric vehicles – trends and outlook,” which the organization had commissioned to evaluate the prospects for hydrogen in the transportation sector.

Conducted by the Center of Automotive Management between June 2019 and this January, it explored the opportunities to be had from producing and transporting hydrogen in the gas industry when taking several technical, economic and environmental factors into account. The conclusion was that hydrogen producers and suppliers will see attractive markets emerging in the not-so-distant future.

Advertisements

Analyzing current advances in hydrogen-fueled transportation across the European Union and five EU countries in particular, including Germany, the study found that there was substantial political support for the technology across the continent and increasing dynamism in the market. For example, funding opportunities for developing new technology have helped businesses and public agencies add fuel cell cars to their fleets and expand the hydrogen infrastructure. In April 2019, around 1,500 fuel cell passenger vehicles were registered in the EU, while another 1,400 will be soon. The number of operational gas stations stood at 173 and 50 more are being built. Despite the comparatively low number of vehicles currently in use, the market for hydrogen-fueled cars has been growing at an impressive rate, showing what opportunities it provides.

Regulatory framework

Binding regulations, especially those set by the Union, have a decisive impact on the success of engine designs. The rules on carbon dioxide emissions from passenger cars and commercial vehicles and the requirements found in the Clean Vehicles Directive regarding the purchase of low- and zero-carbon alternatives starting in 2021 have been strong drivers of growth in the market for hydrogen-fueled transportation. The key objectives put forth can only be met by using either fuel cell or battery electric vehicles. In addition, there have been more and more calls to have cars run on clean, low-carbon fuel, including hydrogen. Compared to other countries around the world, Germany is also fast-tracking a regulatory framework for hydrogen-fueled transportation, spurring growth in the market.

In-depth analysis

So far, Hyundai has sold about 3,800 Nexo cars around the world. By 2022, it will reportedly increase production capacity to 40,000 a year before reaching 700,000 by 2030. Until the end of 2019, it sold 10,000 Toyota Mirai cars and showcased a successor model, of which it is planning to make 30,000 a year. Honda, which offers its Clarity Fuel Cell outside Germany, has likewise announced that it was working on its next generation of FCEVs. Overall, there are around 18,000 fuel cell vehicles in use around the world and it is expected that the growing manufacturing capacity will lead to considerable price cuts.

The bus sector is believed to be a particularly attractive market for fuel cell engines, not just because buses would become emission-free. Their fueling infrastructure would also require only few adjustments. Fuel cell buses are currently built by manufacturers such as Van Hool, Solaris and Daimler and are mostly running in EU projects that aim to increase their number to 1,000 by 2023. The average price for one bus has gone down steadily and should drop to about EUR 400,000 in a few years. There are also bright prospects for the technology in the market for light- and heavy-duty trucks, as fuel cells offer a large range and great flexibility. Over 2,000 heavy-duty fuel cell trucks will reportedly be built by Hyundai and Nikola in Switzerland and the USA over the next years.

read more in H2-international May 2020

Author:
Dr. Oliver Ehret
Center of Automotive Management, Bergisch Gladbach

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

Jun 13 2024

H2 Bank Selects Seven Projects”

The European Commission is allocating nearly 720 million euros to seven projects for renewable...
Jun 13 2024

World’s one-of-a-kind H2 test lab

Electrolyzers on the test bench In Hydrogen Lab Bremerhaven, manufacturers and operators of...
Jun 13 2024

First commercial green hydrogen production

Solar Global operates electrolyzer plant in Czech Republic An electrolyzer in the town of...
Jun 12 2024

Hydrogen 3.0

“Are we on the cusp of a hydrogen revolution or merely witnessing the build-up of another bubble?”...
Jun 12 2024

Mechatronic H2 pressure regulator

Up until now, Italian company Landi Renzo has been mainly known for its conversion sets for gas...
Jun 11 2024

Establishment of a metrological infrastructure

Flow measurement of high-pressure gas and liquid hydrogen In the field of flow measurement, the...
Jun 11 2024

FRHY Stack, first of its kind!

Technology platform for high-rate electrolyzer production The cooperative FRHY project, which...
Jun 10 2024

HySupply – German-Australian hydrogen bridge

Acatech and BDI show what’s feasible Defossilizing the energy system is an important goal of the...
Jun 05 2024

In the beginning was the refueling station

Creating planning security through the development of H2 infrastructure We have long discussed the...
Jun 04 2024

Digital potential

Low-cost green hydrogen through digitalization Plans to expand Germany’s hydrogen landscape are...
Jun 04 2024

A new energy infrastructure is emerging

“Green” and “blue” ammonia from other continents to come to Europe Ammonia produced from...
May 31 2024

Fuel cell systems for grid hardening

Interview with Christian Leu and Benedikt Eska from Axiosus An important but often neglected area...
May 30 2024

A new energy infrastructure is emerging

“Green” and “blue” ammonia from other continents to come to Europe Ammonia produced from...
May 16 2024

New CFO for H-Tec Systems

Electrolyzer manufacturer H-Tec Systems underwent restructuring at the turn of the year and...
May 16 2024

One-man show continues to grow

Hydrogeit Verlag celebrates its 20th anniversary The Hydrogeit Verlag publishing house has been...
May 15 2024

Hydrogen for the post-coal era

Nuclear energy also to power electrolysis in Hungary In May 2021, Hungary published its national...
May 15 2024

Hüwener to lead OGE

Thomas Hüwener will become the new management spokesman for transmission system operator OGE from...
May 15 2024

Accelerating expansion and reducing hurdles

German government adopts power plant strategy It took a long time, but now it's here – the power...
May 15 2024

Brussels approves IPCEI projects

3rd funding wave for H2 infrastructure measures The decision has finally come. In mid-February...
May 15 2024

Apex becomes H2APEX

Apex, headquartered in Rostock, Germany, is continuing to make big strides forward in the hydrogen...

0 Comments

Trackbacks/Pingbacks

  1. Hydrogen vehicles: Trends and outlook - H2 Green Hydrogen Energy. - […] June 15, 2020 by Hydrogeit […]

Leave a Reply