Hydrogen fuel cell vehicles (FCVs) will catch up to electric vehicle (EV) sales because of the advantage of shorter refuel times and greater drive distances, according to a new report.
"Hydrogen fuel cell vehicles, with a zero emission capability, represent future of the automobile," said Naqi Jaffery, the lead author of the report published by Information Trends, a Washington-based market research firm.
The cars are here. They work perfectly. You can buy or lease them. Competing car lines spend billions nay-saying and running disinformation about them but the facts are: They work great and beat everything else!
The report, Global Market for Hydrogen Fuel Cell Vehicles, argues that by 2020, sufficient hydrogen filling infrastructure will be in place in several regions of the world, giving a boost to the market for hydrogen fuel cell vehicles.
Worldwide, more than 20 million hydrogen fuel cell vehicles will be sold by 2032, and those sales will generate up to $1.2 trillion in revenue for the auto industry. By 2050, FCVs will be the "fastest growing segment of the auto market," according to Naqi Jaffery, the lead author of the report.
While fast charging and longer distances give FCVs a leg up on EVs, the biggest factor that will drive fuel cell vehicles, Jaffery said, is the commitment of the Japanese government and automakers.
"Both Toyota and Honda, as well as Korea's Hyundai, have largely stayed away from electric vehicles but are embracing fuel cell technology in a big way," Jeffery said in an email reply to Computerworld. "Both are providing funds for establishing hydrogen filling stations."
Audi has also announced an FCV -- the A7 Sportback h-tron quattro.
Japan will have a network of filling stations by 2020, in time for the Olympic games, Jaffery said. In Europe, Denmark is mostly covered, and both Germany and the U.K. are aggressively building hydrogen filling stations. "Similarly, California is actively involved in setting up filling stations," he added.
Several other major automakers are poised to enter the FCV market, and that will trigger "intense competition." In terms of unit sales, the U.S. will dominate the market compared to other countries, but the region to see the highest growth will be Asia-Pacific, Jaffrey said.
"Several governments are giving generous incentives to help propel the hydrogen fuel cell vehicle market, but Japan is the most bullish on this technology. The Japanese Prime Minister, Shinzo Abe, envisions hydrogen fuel cell vehicles as part of a 'hydrogen society' where fuel cells will power buildings," the report said.
The report divides the timeline for FCV rollouts into three segments - 2015-2020, 2021-2026, and 2027-2032 - and provides forecasts for each of the three time periods. A companion report, Global Market for Hydrogen Fueling Stations, discusses in detail the infrastructure needed to drive the hydrogen fuel cell vehicle market.
Steam-methane reformation is most commonly used by oil refineries, which then use the remaining hydrogen to remove impurities such as sulfur from petroleum and diesel fuels.
While acknowledging that hydrogen fuel production today involves the petroleum industry, advances in clean hydrogen fuel production are under way involving water electrolysis technology. Toyota, Honda and other companies already sell devices to make your fuel for these cars at home. Electrolysis uses electricity and a catalyst to create a chemical reaction that separates the hydrogen molecules from oxygen in water. Clean energy sources, such as wind and solar power can be used as an electrical source in combination with water and a catalyst (typically a metal) to generate hydrogen fuel by splitting hydrogen molecules from oxygen. Most often, however, the catalysts are expensive metals, such as platinum (iridium).
We have had an H-Fuel production canister running non-stop making fuel for these cars in our lab for years. It is powered by a solar panel and an AGM battery and it never, ever stops making fuel, night-or-day. We only add water with a special salt compound to it once in awhile. It just sits there and bubbles fuel out of the water and into our storage cassette. Don't believe the lies that the competitors tell you when they say "You can't make it at home!" That is simply not true. YOU CAN! In fact, Honda and Toyota will now sell you a home fuel making system and our associates have a number of them working night and day in Japan at their homes!
THE CARS ARE HERE NOW AND THEY ARE RUNNING GREAT!
JUST CALL YOU CAR DEALER AND SAY: "I WANT TO BUY A PEM FUEL CELL ELECTRIC CAR; WHEN CAN YOU HAVE SOME IN STOCK FOR ME TO TEST DRIVE?". OUR TECHNOLOGY CAN FUEL THEM ANYWHERE YOU ARE: