By 2030 there are expected to be over 600,000 hydrogen vehicles shipped annually
🚛 By 2030 there are expected to be over 600,000 hydrogen vehicles shipped annually.
While hydrogen-powered vehicles are still in their infancy, over 18,000 H2 units were sold in 2021 alone and 90% of those units were passenger cars. South Korea currently dominates the hydrogen-fueled vehicle market, but Japan and America are following closely behind them. One of the biggest challenges facing the hydrogen-power car market in the US is the lack of infrastructure. Another challenge facing the market is the high cost of hydrogen fuel cells and the vehicles themselves. Hydrogen-powered cars are generally more expensive than comparable gasoline or electric vehicles, and the cost of fuel cells has not yet come down enough to make the vehicles more affordable for the average consumer.
Imagine it's 2024 and the U.S. is on the brink of a modern-day gold rush, but this time, it's all about a new, clean energy source buried right beneath us—geologic hydrogen.