DNV, a global quality assurance and risk management company, has revised its predictions regarding the use of hydrogen in road transportation.
Their new report indicates a significant reduction in the projected role of hydrogen fuel due to rapid advancements in battery-electric vehicle (BEV) technology, particularly in the trucking sector. Initially, hydrogen was seen as a pivotal energy source for decarbonizing heavy-duty road transport. However, DNV’s updated forecast underscores the growing dominance of BEVs, which have shown remarkable progress in terms of range, charging infrastructure, and cost efficiency.
DNV’s decision to lower the forecast for hydrogen usage is based on several key developments. Battery technology has significantly improved, making electric trucks a more viable option for freight companies. The advancements in battery performance mean that these vehicles can now travel longer distances on a single charge, rivaling the range of hydrogen-powered counterparts. Additionally, the expansion of charging infrastructure has alleviated concerns about the practicality of long-haul electric trucking.
Another crucial factor influencing this forecast is the economic aspect. The costs associated with producing green hydrogen remain high compared to the declining costs of batteries and electric drivetrains. As a result, battery-electric trucks are becoming more financially attractive to businesses focused on reducing their carbon footprint without incurring excessive expenses.
While DNV has revised its outlook for hydrogen’s role in road transport, it doesn’t rule out its significance entirely. Hydrogen still holds potential for use in other sectors where electrification is more challenging, such as shipping and aviation. Furthermore, continued research and development could lead to cost reductions and efficiency gains in hydrogen production and storage, which might influence its future viability in road transport.
