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Hydrogen fuel cell vehicles have been under development since early 2000s but the first breakthrough came in 2013 when Hyundai delivered 15 Ix35 manufactured on a production line to City of Copenhagen.
It was quickly followed by Toyota, the global leader in hybrid vehicles when it showcased the prototype of Mirai in 2014 and retail sales began in US in Q3-2015 with prices starting at $57k.
To know more about Global Automotive Hydrogen Storage Tank Market, read our report
Hydrogen vehicle fuel cells so far have been based on an expensive platinum catalyst, which is among the major challenges holding back the technology from faster commercialization.
To counter cost issues, researchers from the University of Copenhagen have developed a new catalyst that requires a fraction of the amount of Platinum.
To know more about Global Automotive Fuel Cell Market, read our report
Hyundai has been working with the US Federal government for fuel cell technology since 2004 and delivered five Nexo fuel cell vehicles to US Department of Energy.
The 300% rise in the value of shares of start-up truck maker Nikola which has not made or sold a single vehicle is a growing reminder of how investors see fuel cells as path breaking technology.
In rail industry, there has been a growing chorus to reduce emissions especially on non-electrified lines and that is where hydrogen rail vehicles have gained prominence. Alstom’s Coradia iLint built by the company in Salzgitter, Germany has now been launched in Austria following successful trials in Germany.
To know more about Europe Hydrogen Vehicle Market, read our report
Starting in the middle of the decade, BMW and Toyota will collaborate to create hydrogen fuel cell vehicles. The two automakers have previously collaborated, developing the BMW Z4 and Toyota Supra sports cars as well as the iX5 Hydrogen, an SUV based on the X5 from BMW.
Toyota has extensive experience with fuel cell technology and is now developing the second generation of its eight-year-old Mirai mid-size sedan. These vehicles generate power using hydrogen and oxygen rather than an engine or a battery.
In a group with Hyundai Motor, Macquarie Group will join the US market for hydrogen fuel cell electric trucks as a financing partner. To finish deploying 30 Class 8 hydrogen fuel cell electric trucks (FCETs) across North America, the partnership has been granted grant money.
Using its expertise in the transportation and energy industries, the project represents Macquarie’s debut into the market for electric vehicles powered by hydrogen fuel cells that emit no emissions.
China`s biggest state-owned car manufacturer with ~22% market share in local market, SAIC Motor aims to bring at least ten FCEV models by 2025 and hit over 10,000 units in annual production and sales.
SAIC also wants to grow the valuation of Shanghai Hydrogen Propulsion Technology Co., Ltd. (SHPT), a fuel cell technology fully owned subsidiary of SAIC Motor, to $1.5 Billion by 2025 and have 1,000 employees by that time.
In Sep 2020, Hyundai exported XCIENT Fuel cell trucks to various European countries, the truck is powered by a 190-kW hydrogen fuel cell system with dual 95-kW fuel cell stacks. The driving range per tank for XICENT is about 400 km. Seven hydrogen tanks offer storage capacity of about 4.5kg each. Refuelling time for each truck is estimated at 10-20 minutes- at par with Diesel trucks.
Daimler, Toyota, Honda, ISUZU, Volvo are already working on their own variants of heavy duty fuel cell trucks.
Sep 2020– Hydrogen generation technology company Element 1 announced plans for its methanol-based M-Series hydrogen generator to be incorporated onto a medium-duty fuel cell truck
Sep 2020– Daimler Trucks showcased Mercedes-Benz Actros, the GenH2 Truck with a range of up to 1,000-kilometers range. Daimler is expected to commence customer trials in 2023, and series production post 2025.
Sep 2020– China state owned SAIC launched an all-new FCEV MPV EUNIQ 7, features SAIC’s third-generation fuel cell system and has a driving range of 605 kms
The San Francisco Bay will soon be home to a new fossil-fuel-free ferry powered entirely by hydrogen fuel cells, and officials believe it will usher in a new era on the high seas. It was built at the All American Marine shipyard in Bellingham, Washington, and was being tested in neighbouring Puget Sound by the US Coast Guard.
Industry is studying fuel cells as clean-energy automobiles, trucks, trains, and pleasure boats are built, and it’s the first commercial vessel in the world to have that propulsion technology. However, the high cost and bulkiness of fuel cell systems have limited their application. Three hydrogen fuel cell stacks whirred in the engine room, helping power two propellers that carry the ferry along at a top speed of 20 knots, and they were working on hydrogen fuel cell as a technique for decarbonizing ships.
Customers’ limited demand will prevent profitable mass production of fuel cell automobiles as long as the network of hydrogen refuelling stations remains so sparse.
And as long as there are few hydrogen cars on the road, the operators will only extend their refuelling station network with caution.
Germany, BMW’s native country, leads the world in terms of hydrogen fuel cell infrastructure.
Vehicle manufacturers such as BMW have joined forces with hydrogen producers and filling station operators to encourage the extension of refuelling infrastructure in the Clean Energy Partnership programme, which aims to extend the hydrogen fueling station network.
This would allow hydrogen automobiles to operate on German roadways.
With the introduction of the ix35 Fuel Cell Electric Vehicle (FCEV), the world’s first mass-produced hydrogen-powered vehicle, Hyundai established itself as a global leader in hydrogen fuel cell technology. Hyundai have released next-generation FCEVs, commercial FCEVs, and even future mobility solutions since then.
As cities and cultures continue to move toward alternate ways of energy production and storage, interest in hydrogen as a sustainable and effective energy source is growing.
Hydrogen, as one of the most abundant elements in the cosmos, provides a long-term answer to the energy sector’s problems. The future of hydrogen has never looked brighter.
The majority of hydrogen is now produced using a natural gas extraction method that employs carbon and hydrogen. This is less expensive than any other option, but it does produce greenhouse gases in the process. Green hydrogen has been dubbed the “future fuel” because it comes up to its zero-emission promise.
Hyundai is committed to being a part of the transition to a hydrogen society, from manufacturing and distribution to hydrogen use in private automobiles, trucks, buses, and other modes of transportation.
The global hydrogen fuel cell vehicle market is estimated at $XX Million in 2020 growing at –% CAGR till 2025
We believe, the hydrogen fuel cell technology is better suited for medium and heavy-duty commercial vehicles unless there is a breakthrough in the solid-state battery technology. The quick refuelling time and minimal impact on payload capacity in a fuel cell truck is one of the biggest reasons behind that.
The hydrogen fuel cell vehicle market was earlier driven by Asian manufacturers i.e. Toyota, Hyundai and Honda. Now, there has been a growing interest among European manufacturers as well.
Since the cost of technology development for fuel cell cars is expensive there have been numerous partnerships struck to bring down the same. For example,
Sep 2020– Ballard Power Systems launched its proton exchange membrane (PEM) fuel cell stack and signed a non-binding MOU with Audi. The new stack will provide propulsion for a range of light-, medium- and heavy-duty vehicles and MOU expanded Audi’s right to use the PEM in all applications, including commercial trucks and passenger cars.
Similarly, in May 2019 Hyundai and KIA partnered with Croatian sports car manufacturer Rimac to develop a prototype for high performance fuel cell EV.
