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WPIC says fuel cells for trucks are picking up speed

24th June 2021

By: Marleny Arnoldi

Deputy Editor Online

     

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The World Platinum Investment Council (WPIC) has reiterated its advocacy for hydrogen fuel cell electric vehicles (FCEVs) as a sustainable mobility solution.

In a release, the council explains that the transport sector is huge and that it is critical to the European Union’s (EU’s), economy, as it contributes 5% to EU gross domestic product, connects it with global supply chains and employs more than ten-million people.

Yet, the council points out, it is also responsible for about one-quarter of the region’s total greenhouse-gas (GHG) emissions and, if the climate neutrality objectives of the European Green Deal are to be met, transport emissions need to reduce by 90% by 2050.

In its ‘Sustainable and Smart Mobility Strategy’ announced at the end of last year, the European Commission emphasised the need to put the right incentives in place to drive the transition away from fossil fuels.

Appropriately targeted policies are an important lever that can boost the uptake of zero-emissions vehicles, as well as renewable zero-carbon fuels and related infrastructure, states the WPIC.

Take, for example, FCEVs that use platinum-based proton exchange membrane (PEM) fuel cells. Growing demand for FCEVs, especially from fleet owners operating heavy-duty vehicles such as trucks and buses, is already driving down manufacturing costs, reducing the all-important total cost of ownership (TCO) for truck fleet operators, it notes.

TCO is a way of assessing the efficiency and total operating cost of a truck over time and its value to the operator. It takes into account not only the purchase price of the vehicle, but also the costs of operation, including maintenance and running costs.

The WPIC says that by performing a TCO analysis, businesses can make an informed buying decision .

The TCO for heavy-duty FCEVs could fall further under new measures recently announced by the EU, which intends to introduce revised road charging rules that will reduce GHG emissions by incentivising cleaner transport operations.

Under the new rules, road charges will reflect a vehicle’s carbon emissions, with zero- and low-emissions vehicles, including FCEVs, receiving a substantial discount, of at least 50%.

The WPIC notes that annual road charging costs are estimated to be about €25 000 a year, per vehicle, so the new charges will represent a significant saving in running costs for hauliers who operate hydrogen trucks, providing a further boost to competitiveness for the heavy-duty FCEV segment.

Moreover, the council states that it is not only government initiatives that are shaping and developing the market for hydrogen mobility solutions.

Hyundai Motor Company has been at the forefront of a private sector project which is making a major contribution to Switzerland’s decarbonisation efforts in the heavy-duty transport industry.

Hyundai Hydrogen Mobility was established in April 2019 as a joint venture between Hyundai Motor Company and H2 Energy. Its main business activity is renting out emission-free hydrogen FCEVs to commercial customers, using the Hyundai XCIENT Fuel Cell heavy-duty truck, with the aim of creating an integrated hydrogen eco-system in Switzerland and its neighbouring European countries.

Effectively, Hyundai and its partners have developed a new business model encompassing hydrogen-powered trucks, hydrogen refuelling stations and hydrogen production and shipping.

Further, by producing green hydrogen, which also uses platinum-based PEM technology, from renewable energies such as hydro, solar and wind, the project has tangibly boosted both the supply of and demand for this zero-emission fuel.

Hyundai Hydrogen Mobility started with 50 units of Hyundai XCIENT Fuel Cell trucks, and has another 140 vehicles due to come on board by the end of this year. The plan is to have 1 600 XCIENT units in operation by 2025 and the business is also working on the introduction of XCIENT Fuel Cell trucks in other European markets.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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