The hydrogen vehicle segment is rapidly developing as there is a strong potential underpinned by international efforts towards a greener vehicle. Key developments include:
BMW’s Relationship with Hydrogen Cars
BMW makes its first move into mass-produced hydrogen-powered cars by 2028. The German automaker has already assessed prototypes of the iX5 Hydrogen SUV and expects demand will grow for hydrogen fuel cell vehicles, especially for heavy-duty and long-distance use. This is a joint venture with Toyota, a long-time backer of hydrogen tech.
The Post-Hydrogen Era: Will Fuel Cells Leave Us High and Dry?
In addition to its electric vehicle (EV) lineup, Hyundai is also still investing in the adoption of hydrogen-fuel cells. By 2030, the company intends to have 21 distinct EV models available and plans to sell 2 million units a year. Hyundai's hydrogen ambition complements its broader strategy to improve efficiency and sustainability of hydrogen vehicle.
Hydrogen startup ecosystem challenges
Hydrogen vehicle startups have had headaches — as seen with the adoption of Hydrogen Vehicle Systems (HVS) — with seeking to focus on hydrogen vehicles. HVS, which is edging toward insolvency, cost EG Group, co-owned by the Issa brothers, a $33 million loss on its investment. HVS, headquartered in Glasgow, which had been producing hydrogen-powered heavy-goods vehicles, is now desperately seeking funding to stay afloat.
Toyota's Changing Hydrogen Course
Disappointing hydrogen vehicle sales have prompted Toyota to re-evaluate its hydrogen vehicle strategy and shift its hydrogen focus to trucks and buses. "It shows the difficulties faced in the passenger hydrogen vehicle market, and emphasizes Toyota's adaptability in recognizing and moving toward commercial applications of hydrogen vehicle where hydrogen may yield more benefits," Taquy said.
Innovations in Hydrogen Powered Vehicles
From students at The University of Warwick come projects including a hydrogen-powered supercar. Using spare and recycled components, including beetroot, The Waste2Race Le Mans Prototype will attempt to achieve land speed records and showcase Racing's sustainable technology. It utilizes the hydrogen fuel generated as a byproduct of wastewater treatment, demonstrating creative applications of green energy in automotive contexts.
These developments demonstrate the hurdles and opportunities in hydrogen vehicle industry as OEMs and manufacturers must tackle technological, financial and strategic challenges to make certain the right sustainable transport solution.
Sources:
News Outlet: Financial Times, Mitech News, The Times
