White paper says FCEVs will be cheaper to run in ten years time

The Total Cost of Ownership (TCO) for commercial hydrogen vehicles will fall by more than 50% in the next ten years as manufacturing technology matures, economies of scale improve, hydrogen fuel costs decline, and infrastructure develops.

That’s according to a joint white paper from Ballard and Deloitte China entitled “Fuelling the Future of Mobility: Hydrogen and fuel cell solutions for transportation” which was released at the CES 2020 trade show in Las Vegas.

“In less than ten years, it will become cheaper to run a fuel cell electric vehicle (FCEV) than it is to run a battery electric vehicle (BEV) or internal combustion engine (ICE) vehicle for certain commercial applications,” said Randy MacEwen, Ballard’s President and CEO.