Categories Green Car Stock

Trucks and Buses Powered by Hydrogen Could Soon Be Near You

The internal combustion engine was a marvel when it was first invented and it has undoubtedly taken human civilization to new highs. However, as we become more conscious of how our actions affect the planet, it has become clear that internal combustion engines have to be phased out in favor of something more environmentally friendly. Electric cars have emerged as an eco-friendly solution, and several governments have plans to replace most of the vehicles on the roads with EVs in the next decade or two.

Another technology that could have a significant impact on the transportation sector is hydrogen fuel cells. Unfortunately, hydrogen fuel cells are barely a blip on the global radar. Estimates by WoodMac put 17,000 hydrogen fuel-cell vehicles on the road worldwide at the end of last year with nearly half of the vehicles in the U.S. alone. Based on estimates from the International Organization of Motor Vehicle Manufacturers, that equates to less than 0.02% of the 947 million or so passenger vehicles that were in use worldwide at the end of 2015.

“There’s probably that number of cars on Fifth Avenue. It’s a very, very small market,” says Ben Gallagher, a subject matter expert in carbon and emerging technology in Wood Mackenzie’s Energy Transition Practice. He co-authored a market report which posited that more than 9 million hydrogen fuel-cell passenger vehicles could be built to support aggressive targets in markets such as California, China, Japan, and South Korea. According to Wood Mackenzie’s research, the market is rapidly expanding, with 7,574 units added in 2019, a 246% increase from the previous year.

Gallagher states that while public support for hydrogen fuel cell vehicles might be growing any time soon, there are “other applications that might be a better use case in the near time” such as buses and trucks. These vehicles already require heavy battery packs for electrification and they tend to travel to and from a central base, thus it would make economic sense to build a hydrogen refueling station at the base. According to a 2017 report by Roland Berger for the European Fuel Cells and Hydrogen (“FCH”) joint undertaking, there are already real-life cases of hydrogen fuel cell use.

Bus makers like Solaris, Van Hool and VDL are studying hydrogen-fueled products, and the report highlighted a fuel-cell delivery van pilot by parcel service UPS in Long Beach, California back in 2017. Fuel-cell based garbage truck pilots have also been undertaken in Germany, the Netherlands, and the UK.

This dimension to renewable energy sources would be an excellent complement to the work being done by EV makers like Fisker Inc. (NYSE: SPAQ).

About Green Car Stocks

Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

To receive SMS text alerts from Green Car Stocks, text “Green” to 21000 (U.S. Mobile Phones Only)

For more information, please visit https://www.greencarstocks.com

Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.greencarstocks.com/Disclaimer

Green Car Stocks
Los Angeles, CA
www.greencarstocks.com
415.949.5050 Office
Editor@GreenCarStocks.com

Green Car Stocks is part of the InvestorBrandNetwork.

Lacey@GCS

Share
Published by
Lacey@GCS

Recent Posts

German Study Finds Electric Vehicles More Reliable Than Conventional Vehicles

A study conducted by the German automobile club Allgemeiner Deutscher Automobil-Club (ADAC) has found that…

2 days ago

EU, China to Consider Setting Baseline EV Prices

A European Commission spokesperson has revealed that the European Union (EU) and China are considering…

4 days ago

China Registers 37% Surge in Domestic EV Sales in March

A report from CnEVPost.com revealed that domestic electric vehicle sales in China surged by 37%…

1 week ago

UK to Hit the Brakes on its EV Mandate After Trump Announced Tariffs

The United Kingdom is expected to relax its electric vehicle rules following a recent wave…

1 week ago

Study Shows Switching to EVs Could Slash Childhood Asthma Prevalence

A recent University of Toronto study has found that replacing gas-powered vehicles with zero-emission electric…

2 weeks ago

How the Inflation Reduction Act is Promoting Job Creation in the American EV Industry

The Inflation Reduction Act (IRA) has been instrumental in creating new jobs in America’s growing…

2 weeks ago