From Techrogers we learn The World of Self-Driving Cars is Truly Here (infographic)

The Globe and Mail tells us 6 ways that self-driving cars will change our lives.

Global Market Insights projects the hydrogen vehicle fuel cell market will be worth $9 billion by 2024.  Over 300,000 of these vehicles will be on global roads by that date. About a quarter of these vehicles will be electric bikes that use hydrogen (e-bikes). The market is being driven by technological change, economies of scales leading to price decreases, and government funding for refueling infrastructure and incentives to purchase vehicles. The high cost of hydrogen refueling stations is a major barrier to market growth. The Asia Pacific will be the largest market. The major auto makers will be General Motors, Daimler, Honda, Hyundai, Nissan, and Toyota. The report notes:

“With substantial number of e-bikes already on roads in China, its sales are surging in Europe particularly in northern countries of the region as per the European Cyclists Federation. These two-wheelers are available at affordable costs and serve the purpose for middle class populations which will enhance the fuel cell electric vehicle market share over the projected time frame.”

152 fuel cell electric buses are being introduced into 14 European cities throughout France, Germany, Iceland, Norway, Sweden, the Netherlands and the UK. For most of these cities, this will be their first venture into fuel cell bus operation. The initiative is part of the JIVE project which will deploy nearly 300 fuel cell buses in 22 cities across Europe by the early 2020s. These buses will replace current diesel buses which are being banned from many city centers over the next few years. The project is co-financed by the European Commission, fuel cell and hydrogen industries represented by Hydrogen Europe, and the European continent’s research community.

Nikola Motor Company announced plans for a $1 billion manufacturing hub for its hydrogen-fueled semi-trucks. The plant is to be located near the US city of Phoenix, Arizona. Nikola manufactures hydrogen-electric vehicles and hydrogen fueling stations, and has received pre-orders for more than 8,000 of its semi trucks. The company expects construction to commence in 2019 with the first trucks rolling off an assembly line in 2021.

The Canadian province of Quebec is purchasing 50 hydrogen fuel cell vehicles. There are currently only two hydrogen refueling stations in the province. The Quebec government plans to build two more as part of its pilot project to test these vehicles.

The US Department of Energy reported there are currently 39 publicly available hydrogen stations for fueling fuel cell electric vehicles in the US —35 in California, 2 in South Carolina, and 2 in the Northeast part of the country. Another 29 public stations in California and 5 in the Northeast are planned.

Could hydrogen fuel cell cars rewrite the depreciation curve? Jon Hunt, manager of Toyota and Lexus fleet marketing in the UK, thinks so.

“In the case of a hydrogen fuel cell vehicle, the traditional residual value model no longer applies as unlike combustion engine or battery power trains the fuel cell does not wear out, extending the life and value of a vehicle with relatively low-cost cosmetic refurbishment. As the vehicle also has all the advantages of quick refuelling and zero emissions, it is the most convenient and future proof technology available.”




with h/t Kate at Techrogers

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