Research Firm: 220,000 Hydrogen Vehicles in 2035
According to new research by Interact Analysis, hydrogen internal combustion engines (H2 ICE) are forecast to be sold in 220,000 vehicles in 2035.
The market is currently in development and most shipments will be after 2030 in areas such as trucks and off-road machines such as excavators, loaders, and agricultural machinery.
However, challenging conditions in most applications mean that the shipments will only be a small minority of vehicles sold. H2 ICE is forecast to never reach the level of diesel or battery-electric vehicles, as it instead looks to establish niches, Interact Analysis says.
H2 ICE vehicles have some notable advantages. The engine technology is reasonably similar to diesel engines, enabling use of existing knowledge, design, and production vehicles. The vehicles can deliver high power, work with impure fuel, work in dirty and dusty conditions, and refuel quickly.
Downsides include a lack of hydrogen infrastructure in place in almost all locations in the world, a lack of awareness about the technology, and limited development so far. Most importantly, the current cost of hydrogen fuel is high.
Read the research.
Source: Interact Analysis
About the Author
Frank RaczonFrank Raczon
Frank Raczon has influenced and covered the equipment industry for 35 years, including 15 years as senior editor of Construction Equipment, and marketing, advertising, and public relations work for the industry's top manufacturers. He authored "Caterpillar: Modern Earthmoving Marvels" (Motorbooks, 2015), and has won numerous awards in his career, highlighted by nods from the Construction Writers Association, the Association of Equipment Manufacturers, the Business Marketing Association, and BtoB magazine. Raczon has also won awards from publishing peer groups such as ASBPE and TABPI.
