according to A study, one should not write off hydrogen as gasoline Alternative for cars. For the reduction of CO2-emissions play an important role.

hydrogen-powered cars* already exist, however, due to the high cost of production and distribution they are not suitable for mass production. However, according to a study, this could change in the next few years. The cost will be halved even.

Yet, many put their cards on electric cars, when it comes to finding an Alternative for cars with internal combustion engines. Also hydrogen will be discussed, however, due to the high cost of this device more in the Background. Recently, some European States, a specific hydrogen roadmap* from EU-in the Commission. However, a study of the Hydrogen Council according to supported by the company McKinsey – could change in the next few years.

cost of hydrogen should be in the next ten years

The study shows that the cost of hydrogen solutions will sink within the next decade With the further Development of hydrogen production, distribution, equipment and components, manufacturing costs for a variety of application areas in 2030 are expected to decrease even 50 percent . Thus, hydrogen would be compared to other low-carbon Alternatives and in some cases even compared to gasoline and Diesel competitive.

significant costs are expected to be reductions in various areas of application. Especially for long – Distance and heavy transport , as well as for industrial heaters and raw materials in the heavy industry, which together account for approximately 15 percent of global energy consumption, could hydrogen be the right remedy for the reduction of Co2 emissions.

Especially the high production for hydrogen costs are “a big obstacle ,” says Stefan Bratzel, Director of the Center of Automotive Management to Business Insider. “Thus, would significantly lower production costs is an important step for the technology,” said Bratzel.

These three factors are for the Development of hydrogen is crucial

The study identifies three key factors for the hydrogen-Expansion:

The cost for the production of low carbon and renewable hydrogen to go back. The distribution and refueling costs must be reduced by a higher capacity utilisation and economies of scale. The cost of components for the devices must be reduced by the expansion of production.

this Chance, to be reach policies in key regions, as well as the promotion of investment of around 70 billion US dollars by 2030, necessary to the competitiveness of hydrogen. This number is substantial, however, it was spending less than 5 percent of the world’s annual energy. For comparison: The promotion of Renewable energies in Germany alone in the year 2019, a total of around 30 billion dollars.

interesting : the tank must now also charging stations for E-cars.

more about the study

The study is based on a real industry data , where to 25,000 data points collected from 30 companies and according to a strict methodology, have been analyzed. The data were collected by McKinsey and analyzed. They represent the entire hydrogen value chain in four geographical key regions (US, Europe, Japan/Korea and China). The data were also reviewed by an independent Advisory group composed of recognized water substance and energy transformation expert.

interesting : Where you have to actually be old car batteries disposed of?

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