Business India ×
 Climate Change

Mobility
Published on: June 22, 2022, 1:11 p.m.
A surge in hydrogen vehicles
  • A research identifies hydrogen vehicles as an increasingly viable alternative to Battery Electric Vehicles

By Business India Editorial

A new study from Juniper Research has found the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022 – a substantial growth of over 1,500 per cent.

The research identified hydrogen vehicles as an increasingly viable alternative to BEVs (Battery Electric Vehicles). The potential for enhanced range and rapid refuelling compares favourably with BEVs; reducing customer anxieties around BEV ownership. These positives have led to significant investment by car manufacturers, including Hyundai, Toyota and BMW, and this will translate into an increasingly popular and available product over the next five years.

The research forecasts that the consumer market will lead the hydrogen vehicles space, with consumer vehicles accounting for over 60 per cent of hydrogen vehicles in service globally in 2027. The report identified the nascent development stage of many commercial vehicle types and the high average cost of hydrogen powered commercial vehicles, at over $70,000 globally in 2022, as key factors limiting adoption.

“Manufacturers will need to make hydrogen vehicles more affordable to become viable for fleets, but increased range and suitability for heavy goods transport will ultimately drive growth and economies of scale,” said research co-author Olivia Williams.

Additionally, the report identified the low availability of fuelling infrastructure as a key challenge for wider adoption, but highlighted heavy industry investment as key to reducing this concern over the next five years. The report recommends that infrastructure vendors provide ‘green’ hydrogen, produced using renewable energy sources, to best take advantage of concerns around the environment driving the adoption of alternative fuels.


Energy

Despite global slowdown, investment interest in the Indian energy transition sector swelled in 2022

Energy transition could attract $25 billion investment

Published on March 30, 2023, 11:01 a.m.

Despite global slowdown, investment interest in the Indian energy transition sector swelled in 2022

Government and Policy

Sri Lankan Cabinet has given approval for an MoU on the cooperation in the field of renewable energy between the two countries

Sri Lanka, India to sign MoU in RE

Published on March 30, 2023, 10:43 a.m.

Sri Lankan Cabinet has given approval for an MoU on the cooperation in the field of renewable energy between the two countries

Investment

The world needs around $35 trillion for transition technology by 2030

IRENA calls for quadrupling of investments

Published on March 30, 2023, 10:21 a.m.

The world needs around $35 trillion for transition technology by 2030

Conservation

Is it time to turn to beasts to save the earth?

Can animals keep earth cool?

Published on March 30, 2023, 10:03 a.m.

Is it time to turn to beasts to save the earth?

E-MAGAZINE

Agriculture

The introduction of black pepper as an inter-crop in the sopari and coconut orchards, has enabled farmers to cultivate crops simultaneously

Skill Development

In 2020-21, the programme reached over 112,482 girls in urban and rural locations across six states in India, including 10,000 across Delhi

Collaboration

The event brought together stakeholders and changemakers to participate in a series of conversations on global trends and recent developments

Healthcare

The programme will focus on educating children on oral health and building awareness around the dangers of tobacco use