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Fuel Cell Commercial Vehicle Growth Opportunities Light, Medium, and Heavy-duty Trucks
Fuel Cell Commercial Vehicle Growth Opportunities Light, Medium, and Heavy-duty Trucks
Fuel Cell Trucks as an Additional Powertrain Strategy for Specific Segments and Green Hydrogen Adoption
18-Dec-2023
North America
Description
Electrification in trucking is gaining momentum as a Mega Trend, with new mobility models shaping the industry’s future. Various sub-trends within electric vehicles (EVs), such as battery EVs (BEVs) and FCEVs, are increasingly popular as emission norms become stricter and the focus on achieving cleaner forms of goods transportation is higher. The prominence of battery electric trucks is suitable for selected applications, but range limitation and battery weight compromising the load-carrying capacity are seen as hindering features. Truck manufacturers and policymakers increasingly consider hydrogen-powered fuel cell electric trucks a viable equivalent to battery electric trucks as hydrogen offers a longer range and minimum refueling time, similar to diesel trucks.
Grey hydrogen produced from fossil fuels is a major type of hydrogen available in the market. The hydrogen industry is transitioning to blue hydrogen, where carbon is captured, reducing emissions from hydrogen production. Governments and private enterprises globally invest in green hydrogen production as they find adopters in the transportation sector and steel production. The current cost of green hydrogen production is very high, making ownership of fuel cell trucks unviable. However, policies and incentives announced in various markets support the long-term adoption of fuel cell trucks. Overall, the trucking industry is at a crossroads in determining the choice of zero emission powertrain for required applications with no one-size-fits-all solution.
Truck manufacturers and startups form partnerships with technical research organizations and government entities to explore innovative solutions for enhancing fuel cell performance. Fossil fuel companies and renewable energy companies explore efficient distribution networks for hydrogen supply across regions and aim for the use of tanker shipments or pipeline infrastructure to make hydrogen readily accessible at affordable prices at refueling stations. Governments promote localized hydrogen production to mitigate energy losses associated with hydrogen transportation. Several truck makers’ fuel cell electric trucks are in the trial phase and have launched in limited numbers, with more models in the development phase. They are set to commence trials and large-scale commercialization within this decade. Robust supply chains will be vital for manufacturers to achieve the required production volumes when market demand for fuel cell trucks surges. When companies target decreasing their fleets’ emissions, they will need to promote zero emission trucks as a practical option for their customers. Fuel cell trucks appear to be a promising choice for goods transportation; therefore, businesses must speed up their technological decisions and product development efforts to validate the performance of these vehicles.
Author: Shyamsundar Kanakaraj
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Fuel Cell (FC) Truck Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Product and Powertrain Segmentation
Research Aims and Objectives
Adoption of FC Electric Trucks and Vans by Region
Adoption of FC Electric Trucks and Vans by Segment
Key Global Manufacturers and Start-ups
Summary of the FC Truck Market—Global
Growth Drivers
Growth Restraints
Main Forecast Criteria
FC Truck Market Size
Forecast Discussion
H2 Ecosystem Overview
H2 and FC Research Spending
Comparison of H2 FC Technologies
Type of H2 as Fuel in Trucks—Overview
FC Truck—Simplified Powertrain Layout
Types of H2—Production Methods
Different Stages in H2 Refueling
H2-focused Government Investments—Global
Key H2 Mobility Projects in Europe
Provincial Policies for H2 in China
LD FCEV Regional Focus—Selected OEMs
LD FCEV Models—North America and Europe
LD FCEV Models—China and Others
LD FCEV Application Focus—Prominent OEMs
OEM LD Product Launch Roadmap—North America and Europe
OEM LD Product Launch Roadmap—China and Others
Stellantis—LD FCEV Strategy and Roadmap
Renault—LD FCEV Strategy and Roadmap
Toyota—LD FCEV Strategy and Roadmap
First Hydrogen—LD FCEV Strategy and Roadmap
M&HD FCEV Regional Focus—Selected OEMs
M&HD FCEV Application Focus—Prominent OEMs
M&HD FCEV Models—North America
M&HD FCEV Models—Europe
M&HD FCEV Models—China
OEM M&HD Product Launch Roadmap—North America
OEM M&HD Product Launch Roadmap—Europe
OEM M&HD Product Launch Roadmap—China
Daimler—M&HD FCEV Strategy and Roadmap
Volvo—M&HD FCEV Strategy and Roadmap
Paccar—M&HD FCEV Strategy and Roadmap
Traton—M&HD FCEV Strategy and Roadmap
Hyundai—M&HD FCEV Strategy and Roadmap
Market Development Trends—M&HD FC Trucks
Value Chain Ecosystem Players
Strategic Partnerships and Collaborations
Strategic Partnerships and Collaborations (continued)
Strategic Partnerships and Collaborations (continued)
Strategic Partnerships and Collaborations (continued)
Strategic Partnerships and Collaborations (continued)
FC Solutions by Key Suppliers—North America and Europe
FC Solutions by Key Suppliers—China and Others
Parameters/Assumptions—HD Long Haul, North America
TCO—HD Long Haul, North America
Cost per Mile Components—HD Long Haul, North America
Parameters/Assumptions—HD Long Haul, Europe
TCO—HD Long Haul, Europe
Cost per Mile Components—HD Long Haul, Europe
Growth Opportunity 1—Actions to Reduce Cost of FC Technology for Broader Adoption
Growth Opportunity 1—Actions to Reduce Cost of FC Technology for Broader Adoption (continued)
Growth Opportunity 2—H2 Infrastructure Expansion Crucial to FC Truck Growth
Growth Opportunity 2—H2 Infrastructure Expansion Crucial to FC Truck Growth (continued)
Growth Opportunity 3—FC Truck Usage in Segments and Applications that Enable Wider Adoption
Growth Opportunity 3—FC Truck Usage in Segments and Applications that Enable Wider Adoption (continued)
Abbreviations
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
| Author | Shyamsundar Kanakaraj |
|---|---|
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Fuel Cell Commercial Vehicles |
| Keyword 2 | Heavy-Duty Trucks |
| Keyword 3 | Medium-Duty Trucks |
| Podcast | No |
| WIP Number | PEFA-01-00-00-00 |