According to a study conducted by Information Trends, well over 800,000 hydrogen fuel cell commercial trucks will be sold by 2035.
This category includes both heavy-duty and light- and medium-duty trucks.
According to the report, Global Market for Hydrogen Fuel Cell Commercial Trucks, 2021, hydrogen fuel cell technology provides trucks with a significantly greater range than battery-electric trucks while also allowing for rapid refueling. As a result, heavy-duty hydrogen fuel cell vehicles are now outperforming battery-electric trucks on long-haul routes.
According to Naqi Jaffery, President and CEO of Information Trends, heavy-duty vehicles will continue to dominate the market for hydrogen fuel cell trucks. There is a particular interest in zero-emission heavy-duty trucks because they are the primary source of carbon emissions on roadways.
Battery-electric vehicles will remain competitive with medium-sized hydrogen fuel cell trucks until the second half of the 2020’s, Mr. Jaffery stated. Battery-electric vehicles will lose competitiveness as more hydrogen stations are developed and the cost of medium-sized hydrogen trucks continues to decline.
Until the early 1930s, Mr. Jaffery believes, smaller battery-electric vehicles will have an advantage over hydrogen fuel cell trucks. Smaller battery-electric vehicles will lose their competitive edge as fuel cell trucks grow more affordable and hydrogen facilities become more prevalent.
The expense of hydrogen fuel cell trucks has been the primary hurdle to their adoption thus far, according to the Information Trends report. However, a number of variables have conspired to drive down the prices of these trucks.
According to the study, these trucks have a substantial advantage over battery-electric trucks due to two aspects. To begin, these vehicles are lighter than battery-electric cars, making them more suitable for transporting large amounts of cargo. Second, these trucks are capable of traveling significantly greater distances than battery-electric vehicles, making them ideal for long-haul hauling.
The 235-page report analyzes this rising market in detail. The report separates the market into light- and medium-duty trucks, as well as heavy-duty trucks, and projects sales and revenue for both segments for the major geographical regions through 2035.
This is one of the most thorough and relevant research on hydrogen fuel cell trucks ever conducted. It analyzes the tactics of hydrogen fuel cell truck manufacturers and profiles them in detail. The report discusses the aspects that differentiate hydrogen fuel cell vehicles from other types of trucks, as well as their commercial influence.