The Total Cost of Ownership (TCO) for commercial hydrogen vehicles will fall by more than 50% in the next ten years as manufacturing technology matures, economies of scale improve, hydrogen fuel costs decline, and infrastructure develops.
That’s according to a joint white paper from Ballard and Deloitte China entitled “Fuelling the Future of Mobility: Hydrogen and fuel cell solutions for transportation” which was released at the CES 2020 trade show in Las Vegas.
“In less than ten years, it will become cheaper to run a fuel cell electric vehicle (FCEV) than it is to run a battery electric vehicle (BEV) or internal combustion engine (ICE) vehicle for certain commercial applications,” said Randy MacEwen, Ballard’s President and CEO.
“We are excited to partner with Deloitte on this important initiative. We believe this white paper provides answers to the most pertinent questions from industry executives and laypeople alike, specifically regarding the economic viability of FCEVs and their environmental sustainability.”
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