Hydrogen vehicles may have a small market share at the moment, but manufacturers appear determined to increase it. At a World Economic Forum meeting in Davos, several automotive companies, including the BMW Group, Honda and Toyota, helped to launch the Hydrogen Council, which will invest $10 billion to develop hydrogen technology and infrastructure over the next decade. Even our own Government, which isn’t as committed to hydrogen as other alternative fuels, has established a £23 million fund to help encourage the uptake of HFCVs.
Besides, many of the Government’s general policies to support zero Emission Vehicles also apply to HFCVs. For example, the Plug-In Truck Grant will take up to £25,000 off the cost of a hydrogen vehicle. HFCVs will also face lower CCT rates, lower VED, and avoid any extra charges in London and other Clean Air Zones.
Throw in the fact that some vans and HGVs can be converted to dual-fuel vehicles, running on both diesel and hydrogen, and it’s easy to see why so many manufacturers are interested. This is an alternative fuel with a great deal of potential – and that potential could yet be fulfilled.