Revolutionizing Trucking: The Rise of Hydrogen Internal Combustion Engines
Key Ideas
  • H2ICE sales are projected to grow significantly by over 61 times from 2025 to 2034, reaching 23,640 units across North America and Europe.
  • Heavy-duty trucks will dominate H2ICE sales, with more than 96% coming from this segment due to their applications, range, and refueling accessibility.
  • Despite initial hurdles like the cost of hydrogen and refueling station accessibility, H2ICE is seen as a viable option for medium and long-haul applications in the trucking industry.
  • While H2ICE may face challenges with cost competitiveness in the long term against zero-emission vehicles, it offers a more cost-effective and readily adoptable solution in the short-to-medium term.
The report on the 'Hydrogen Internal Combustion Engine Truck Market, North America and Europe' highlights the rapid growth expected in H2ICE sales from 2025 to 2034. With a forecast of 23,640 units across North America and Europe, North America is expected to contribute more than half of the sales. The heavy-duty truck segment is set to drive this growth, thanks to factors like applications, range, and re-fueling accessibility. The current cutbacks in electric vehicle investments due to consumer interest and raw material prices have made alternative ICE vehicles like H2ICE more attractive due to lower price premiums. H2ICE technology requires minimal modifications, offers good customer value, and can use existing fuel stations without significant infrastructure changes. However, challenges remain regarding the availability of hydrogen refueling stations. Despite this, H2ICE is positioned as suitable for regional, long-haul, and heavy-duty applications. In the short term, factors like hydrogen cost and refueling station accessibility will play crucial roles in H2ICE adoption. The report also delves into the comparison between H2ICE and conventional ICE trucks, their applications in medium and heavy-duty scenarios, growth drivers and challenges in H2ICE adoption, sales forecasts, and the Total Cost of Ownership analysis over the short, medium, and long term. While H2ICE may face competitiveness issues against zero-emission vehicles in the long run due to falling prices of BEV and FCEV components, it presents a cost-effective solution for consumers in the immediate future.
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