In an article by Penton-owned Auto-industry news and data service WardsAuto, Executive Director of the EU PPI Fuel Cells and Hydrogen Joint Technology Initiative; Bert De Colvenaer is quoted as saying “there is no market for this technology”.
It’s an interesting statement to make at a time when three major manufacturers (Hyundai, Mercedes and Toyota) have announced they will be launching fuel cell vehicles in 2 years time.
Clearly there is not going to be a market for a technology which is still prohibitively expensive, and requires a refuelling infrastructure that doesn’t yet exist, but I think the point that Bert De Colvenaer is making, is that 2015 is the earliest that the market may exist, and as such there is likely to be a blend of technologies before any one dominates, if indeed any one technology does become dominant.
The EU are investing €1.4bn in to the technology through the Public/Private initiative, with a view to making the technology cheaper and to support and generate a demand and a market for the technology – they recognise that Hydrogen has a part to play in the move to cleaner vehicles and a reduction in emissions and pollutants.
While the likes of Hyundai, Mercedes and (more…)