Unsettled Issues Concerning the Economics of Fuel Cells and Electric Ground Vehicles

Yet, many new fuel cell electric vehicles (FCEVs) have emerged, and hydrogen refueling infrastructure is being built globally. Despite the important steps forward, hydrogen generation and fuel cells are still costly and cannot compete with fossil fuel-based solutions. While it can be a viable tool in combating climate change and air pollution, hydrogen currently hardly makes a business case. And although many hydrogen infrastructure developments are fueled by government subsidies (and fear of carbon tax), detailed economic evaluation suggests that creating a hydrogen economy of scale can reduce technology costs, creating the window of opportunity it needs to become a concrete global market player.